Central Bank of Nigeria

The Federal Government has promised to persecute all those found to be responsible for the failure of the now defunct Skye Bank.

The Corporation adopts various bank failure resolution measures such as Purchase and Assumption, provision of liquidity support, assisted merger, take over and management of ailing banks. Other strategies include the establishment of bridge…

The Governor, Central Bank of Nigeria, Godwin Emefiele, on Wednesday said the apex bank was duly committed in positioning the economy on the path of growth by supporting small businesses in the country.

The Central Bank of Nigeria says availability of credit to the corporate sector increased in third quarter of 2018 and expected to increase in fourth quarter.

The Central Bank of Nigeria, on Friday, revoked the operating licence of Skye Bank Plc with immediate effect.

The Nigerian National Petroleum Corporation says it has no hidden 470.5 million dollars and N8 billion in any commercial bank as alleged by the Nigerian police.

This revelation was made on Tuesday by the Senior Special Adviser to Governor David Umahi on Religious and Welfare Matters, Rev. Father Abraham Nwali, at the Government House, Abakaliki

Dr Titus Okunronmu, a former Director, Budgetary Department, Central Bank of Nigeria, has advised the Federal Government to use borrowed funds strictly for building capital projects.

The Central Bank of Nigeria and the Bureau of Public Enterprises have signed an agreement for the sale of the Federal Government’s 12.4 billion shares in Nigerian Security Printing and Minting Company to CBN.

The Naira on Thursday appreciated further against the dollar at the investors’ window, exchanging at N362.78, stronger than N363.10 posted on Wednesday.

Central Bank of Nigeria Governor, Godwin Emefiele, has urged the financial institutions in the country to fund operators of Micro, Small and Medium Enterprises so as to achieve financial inclusiveness.

Prof. Kingsley Moghalu, former Deputy Governor of the Central Bank of Nigeria, has emerged the presidential candidate of the Young Progressive Party.

The banks were accused by the CBN of issuing irregular Certificates of Capital Importation on behalf of some offshore investors of MTN Nigeria Communications Limited

It seems MTN is never too far from the speed dial to trouble. Three years ago, the telco, which has the dominant share of the mobile telecoms market in Nigeria, was slammed with a $5.2 billion fine for failing to disconnect 5.1 million…

President Muhammadu Buhari has approved the appointment of Abbas Umar Masanawa as Managing Director of the Nigeria Security Printing And Minting Company.

This was sequel to the recommendation by the Governor of Central Bank of Nigeria, Godwin Emefiele, in a memo dated August 28 to the President, which was approved

Sowore and Moghalu announced their decisions on Thursday and Friday after Durotoye’s emergence as consensus candidate

MTN Nigeria on Thursday refuted the claims by the Central Bank of Nigeria that it illegally, in collusion with four Nigerian banks repatriated $8.1billion from its Nigerian operations to offshore investors.

Announcing the decision in Abuja on Wednesday, CBN’s Director, Corporate Communications, Isaac Okorafor, said the actions on the Bank became necessary following allegations of remittance of foreign exchange with irregular Certificates of…

The Central Bank of Nigeria has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure adequate supply of foreign exchange to customers.