Central Bank of Nigeria Archives

Senate queries CBN, others over N120bn bailout for aviation sector

The Senate, yesterday, faulted the Central Bank of Nigeria, CBN, on its roles in the alleged mismanagement of N120 billion released to the aviation sector out...

Archives9 years ago

Finally, CBN floats the Naira

The Central Bank of Nigeria (CBN) Wednesday announced what it termed the “automatic adjustment mechanism of the exchange rate” in a flexible foreign exchange regime aimed...

Archives9 years ago

Looming Recession: Sarumi Endorses Time Tested Survival Tips

As Deposits in banks shrink by N1.03tn Against the backdrop of the raging adverse effects of an economy on the verge of recession, the Doyen of...

Archives9 years ago

Banks move to limit over-the-counter withdrawals to N10,000

Customers of Deposit Money Banks (DMBs), may be faced with a new across-the counter cash withdrawal limit to be pegged at N10, 000. It was learnt...

Archives9 years ago

CBN adopts flexible forex policy as reserves dip to $26.6bn

The Monetary Policy Committee of the Central Bank of Nigeria has directed the management of the apex bank to adopt a flexible exchange rate policy in...

Archives9 years ago

NNPC, Shell, Total, Mobil, others fleeced Nigeria of $4.4bn — NEITI

$577m foreign airlines fund hangs in Nigeria –IATA The Nigerian Extractive Industries Transparency Initiative (NEITI), yesterday, accused the Nigerian National Petroleum Corporation, NNPC, and other oil...

Archives9 years ago

Inflation hits 6-year high at 13.7%

The skyrocketing prices of goods and services across the country have reflected in Nigeria’s inflation rate climbing to a near six-year high of 13.7 percent in...

Archives9 years ago

Clampdown on banks to strengthen financial system

Central Bank of Nigeria, CBN, has said that the on-going investigation of some financial transactions in some banks by law enforcement authorities are aimed at strengthening...

Archives9 years ago