The Central Bank of Nigeria has ordered Deposit Money Banks not to pay customers making over-the-counter withdrawals of new naira notes again. Instead, the apex...
By Lilac Nachum & Chris Ogbechie Nigeria’s banking sector is dominated by local players born out of state policy Privately owned Nigerian banks hold 94%...
World Bank Accuse CBN Of Fuelling Nigeria’s Inflation With Its Intervention Funds
The World Bank has accused the Central Bank of Nigeria (CBN) of fuelling Nigeria’s inflation with its intervention funds saying that in the short term,...
The Central Bank of Nigeria CBN has said that paper currency will soon be out of circulation, urging market men and women to sign into...
NNPC, Central Bank Dash Hope Of Struggling Airlines, Says ‘We Cannot Help In Fixing Nigeria’s Jet Fuel Price Crisis’
The head of Nigeria’s State oil firm NNPC and the Central Bank Governor told the National Assembly and the country’s airline association on Monday that...
Nigeria will offer a Naira incentive to exporters of semi-processed or finished goods made at home in a push to shore up the country’s dollar...