The Central Bank of Nigeria (CBN) has directed banks to close all revenue accounts belonging to Ministries, Departments and Agencies (MDAs) of the Federal Government, as mandated under the r... Read more

Wema Bank Plc on Monday announced the appointment four new persons to its board. according to the announcement, Mrs. Abolanle Matel-Okoh, Mr. Babatunde Kasali, Mrs. Folake Sanu and Mr. Wole... Read more

The Naira on Friday depreciated by N5 to the dollar as it traded N215 at the Bureau De Change (BDCs) segment of the official market. It also depreciated by N7 at the black market, selling at... Read more

The Central Bank of Nigeria on Wednesday  sold $401 million at 198.50 naira per dollar, wider than its target band of 159.60 to 176.40. The  central bank scrapped its bi-weekly currency auct... Read more

A new trading system introduced by the Central Bank of Nigeria stabilized the nation’s currency and will result in daily intervention by the regulator, according to foreign-exchange dealers.... Read more

As the Central Bank of Nigeria  (CBN) continues to pump foreign exchange into the forex market to prop the local currency Naira, Nigeria’s foreign reserves have coniitue to deplete. Th... Read more

Barclays Africa Group Ltd.’s corporate and investment banking unit seeking to begin full operation in Nigeria. Bloomberg reports that the global banking brand has approached Nigerian authori... Read more

Holders of the blue chip Stock Nigerian Breweries Plc will pocket N3.5o as dividend on every of their holdings, the company has declared. The amount is the final dividend for the year ended... Read more

Nigeria’s central bank chief said on Thursday there was “no need to panic” over the slide of the currency, after figures showed the bank had spent over $110 million a day over nine recent tr... Read more