Banking & Finance

The World Bank has advised the Nigerian Government to unify the nation’s multiple exchange rate windows and carry out a number of other reforms to strengthen the economy and restore macroeconomic stability.In its latest Macro Poverty Outlook for Nigeria: April 2023, the bank said implementing economic reforms in the non-oil …

The Nigeria-British Chamber of Commerce is set to embark on an outward 2023 trade mission to the United Kingdom to market the ease of doing business in Nigeria and attract foreign direct investments into the country. This was announced on Thursday by the Vice President and Chairman, Trade and Investment, …

President Muhammadu Buhari on Wednesday received the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele at the State House in Abuja. The meeting between Buhari and Emefiele is coming few hours after the Supreme Court ruling of Wednesday stopping the February 10 deadline for the validity of three …

Justice Eleoje Enenche of a High Court at the Federal Capital Territory in Abuja on Monday restrained the Federal Government and 27 listed commercial banks from suspending, stopping, extending or interfering with the currency redesignation terminal date of February 10 or issuing any directive contrary to the date. Also restrained …

The Central Bank of Nigeria has urged Nigerians to accept, use and respect the redesigned Naira notes which were unveiled in November last year by President Muhammadu Buhari. The apex bank also called on Nigerians to see the redesigned note as a national symbol of the country. The CBN Abuja …

The Central Bank of Nigeria has reacted to the claims of fraudulent transactions in the sale of Polaris Bank formerly known as Skye Bank to Fairview Acquisition Partners. Recall that in October 2022, CBN in a press statement announced the completion of the sale of shares in Polaris Bank to …

Governor of the Central Bank of Nigeria, Godwin Emefiele, has reiterated his commitment to build a robust payment system in Nigeria. Emefiele made this known in Gombe during the All-Financial Institutions Football Competition, organised with the support of the Nigeria Football Federation. The FIRS emerged winner after defeating the Securities …

President Muhammadu Buhari has written the Senate, seeking the screening and re-confirmation of two former deputy governors of Central Bank of Nigeria. President Buhari’s request is contained in a letter read on the floor of the Senate during Tuesday’s plenary by Senate President Ahmad Lawan. Buhari sought the re-confirmation of …

Amid the global push towards transition to greener energy sources, the Managing Director of the Nigeria Liquefied Natural Gas (NLNG), Philip Mshelbila, has said that natural gas will remain a key energy source to the world in the next 20 to 30 years. Oil and gas is said to be …

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has announced that the President will on Wednesday unveil the newly designed naira notes. Emefiele disclosed this in Abuja during the Monetary Policy Committee monthly meeting on Tuesday. The newly designed naira notes to be unveiled are N1,000, N500 and …