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CBN cuts benchmark lending rate to 12.5%

* Central bank cuts rate by 100 basis points * Largest cut since 2015 * Governor says Nigeria may avoid recession Central Bank of Nigeria (CBN) unexpectedly...

Bureau de Change operator jailed 7 years

Economic and Financial Crimes Commission, EFCC, Kaduna Zonal Office on Wednesday secured a seven-year jail term of one Sadiq Mustapha without option of fine,...

Naira exchanges at N450 to dollar

The naira on Thursday exchanged at N450 to  dollar at the parallel market as build up on dollar demand continued to rise. The naira is...

Foreign investors exit Nigeria as oil price crash

Nigeria has put in place policies to ensure foreign investors that want to repatriate funds can exit the country in an orderly fashion, Central...

Bauchi: Over 300 die within 14 days – Residents

Bauchi State residents are alleging massive deaths from a 'strange ailment' in Azare, headquarters of Katagum Local Government Area of the state. About 301 people...

FLASH: CBN, banks agree to suspend staff lay-off in banks

The Central Bank of Nigeria (CBN) and the Bankers’ Committee have agreed to suspend the laying off of bank staff, a statement by the...

No processing fee on COVID-19 loans – CBN

The Central Bank of Nigeria (CBN) has dismissed claims on social media that small-scale businesses who apply for COVID-19 loans are required to pay...

Buhari commends Nigerians on social distancing, self isolation

President Muhammadu Buhari has commended the unity of purpose in fighting spread of COVID-19 in the country, particularly the willingness for self-isolation, social distancing,...

Nigeria govt palliative not enough – MAN

The acting Director General of the Manufacturers Association of Nigeria (MAN), Ambrose Oruche, says the Nigerian government palliative measures are not enough in the...

Keystone Bank appoints Olaniran Olayinka as acting MD/CEO

Keystone Bank Limited has announced the appointment of Mr. Olaniran Olayinka as the Bank’s acting Managing Director/CEO, subject to approval by the Central Bank...

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