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The FMDQ forex market recorded a turnover of just $61.9 million, marking the lowest since January 2024. This figure is the second-lowest daily average turnover this...
Eko Hot Blog reports that some recently disengaged employees of the Central Bank of Nigeria (CBN) are reeling from the shock of their sudden dismissal, alleging...
CBN prohibits misuse of Naira notes like spraying, squeezing, or writing on them Offenders could face 6-month jail term or N50,000 fine under mobile courts Sale,...
Nigerian banks impose ATM withdrawal limits, linked to cash scarcity. CBN cites substantial withdrawals and panic-driven activity for cash scarcity. Lagos banks reinstate ATM withdrawal restrictions,...
Why Price Of Food Won’t Drop Immediately Despite Naira Appreciation Market adjustment processes could delay visible decreases in the cost of goods and services. Traders cite...
CBN introduces new capital requirements for Nigerian banks to bolster sector resilience. Commercial banks with international authorization must now have N500 billion capital. Non-interest banks need...
Moghalu criticizes Emefiele for presidential bid, deems him unfit as CBN governor. Moghalu disapproves of Emefiele’s performance at CBN, cites poor core mandate outcomes. Emefiele suspended...
The Presidency has denied knowledge of Emefiele’s study leave. The presidency said it was not aware of such a development. Reports had surfaced indicating that the...
President Buhari reportedly granted the CBN governor, Godwin Emefiele, a study leave amid corruption and terrorism-financing allegations. It is alleged that Emefiele used the said study...
The CBN has announced the discontinuation of old Naira notes as legal tender in Nigeria. The CBN said old Naira notes of N200, N500, and N1000...