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Nigerians React As Naira Dips To N575, Days After AbokiFX Suspension

Nigerians have continued to react as the Naira sold between N572 and N575 to a $1 at the parallel market despite the suspension of...
Banking

CBN Keeps Lending Rate At 11.5%.. To Pull Down AbokiFX Website

Threatens To Prosecute Website Owner, Olumide Oniwinde  The Central Bank of Nigeria (CBN) Monetary Policy Committee has voted to retain its...
Banking

SMEs Have Potential To Reduce Unemployment – CBN

Dr Aniefiok Umoren, Zonal Coordinator, South-South and South-East, Development Finance Activities, Central Bank of Nigeria (CBN), says Small and Medium Scale Enterprises (SMEs) have...
Banking

CBN Clamps Down On 86 Bank Accounts Over Fraudulent FOREX

The Central Bank of Nigeria (CBN) has gotten permission from the Federal High Court in Abuja to freeze 86 accounts of some companies and...
Banking

Ban On BDCs: Utomi, Muda Yusuf, Other Experts Weigh In As CBN Pumps $200m To Banks

Naira Slides... Financial experts in the country have been reacting to the Central Bank of Nigeria (CBN) decision, banning the sales of forex to Bureau...
Banking

CBN And Global Instability, Vulnerability of Cryptocurrencies

When in February, the Central Bank of Nigeria (CBN) directed banks and other financial institutions to cease transactions in cryptocurrencies and facilitating payment for...
Banking

Women Phasing Out Men At Echelon Of Nigeria’s Banking Sector, Stir Revolution!

With more women moving into traditionally male-dominated industries and a rise of millennial women globally over the past decade, Nigerian women particularly have been...
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