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PDP demands Emefiele’s immediate resignation, EFCC probe

Nigeria's main opposition party, Peoples Democratic Party (PDP) has demanded that Godwin Emefiele, governor of the Central Bank of Nigeria resigns following allegations against...

Take on transformative projects – Osinbajo tells bankers

-VP lists housing, renewable energy financing as priority for banking & finance sector -Adds: Job creation, poverty reduction should be target Vice President Yemi Osinbajo says...

IMF cautions FG on acquisition of loans

The International Monetary Fund (IMF) has cautioned the federal government to keep its borrowing from the Central Bank of Nigeria within legal limits. The IMF...

CBN devalues naira to N410.25/$1

The Central Bank of Nigeria (CBN) has devalued the naira to N410.25 to dollar. The devaluation of the local currency was confirmed by the adoption...

Banks insist States must repay loans

Nigerian banks have insisted they will recall all loans owed to state governments, an action that could cause a strain on the fragile economy. The...

Former First Bank chairman, Awosika reacts to sack by CBN

Former chairman of First Bank Nigeria Limited, Mrs. Ibukun Awosika, has reacted to the sack of the board by Central Bank of Nigeria. She insisted...

CBN orders First Bank to recover loans from Honeywell flour mills

The Central Bank of Nigeria (CBN) has turned down First Bank of Nigeria’s (FBN’s) loan restructuring for Honeywell Flour Mills and subsequently directed the...

BREAKING: CBN sacks First Bank directors, reinstates Adeduntan as MD

The governor of the Central Bank of Nigeria, Godwin Emefiele, has sacked the entire members of the board of First Bank Holding and First...

No money was printed to shore up March allocation – NEC

Governors strongly affirm Nigeria’s unity, welcome report of national townhall meeting on National Security Having received presentations from the Minister of Finance, the Central...

Banks reconnect MTN customers to USSD services

Commercial banks have reconnected MTN customers to banking channels after disconnecting them from their channels, including the Unstructured Supplementary Service Data (USSD) and banking...

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