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Again, CBN raises lending rate to 26.25%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has raised the country’s baseline lending rate by 150 basis points to...
Economy

New banks minimum capital requirement will strengthen financial system – Expert

A financial expert, Prof. Uche Uwaleke, has commended the Central Bank of Nigeria (CBN) for raising the minimum capital requirement for Nigerian banks. Uwaleke, a...
National

Court orders DSS to file charges against Emefiele

Justice Hamza Muazu of the High Court of the Federal Capital Territory, FCT, Abuja, has issued an ultimatum to the Department of State Services...
Business

CBN breaks silence, speaks on Naira devaluation

The Central Bank of Nigeria has devalued the naira from N461.6 to N631 per dollar. The devaluation occurred 48 hours after President Bola Ahmed Tinubu...
Business

CBN revokes license of 132 Microfinance banks

The Central Bank of Nigeria (CBN) has revoked the operating licenses of 132 Microfinance Banks, three finance companies and four primary mortgage banks. The list...
Latest

BREAKING: CBN denies directing banks to collect old N500, N1000 notes

The Central Bank of Nigeria (CBN) has denied reports making the rounds that it has authorized deposit money banks to collect the old N500...
Breaking News

Buhari receives Emefiele at State House

President Muhammadu Buhari is currently meeting with the Central Bank Governor, Godwin Emefiele, at the State House, Abuja. This is Emefiele’s second meeting with the...
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