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Business

Buhari Names Shonubi As CBN’s Deputy Governor

President Muhammadu Buhari has approved the nomination of Mr Folashodun Adebisi Shonubi as Deputy Governor at the Central Bank of Nigeria (CBN), subject to...

Business

CBN To Commence Bi-weekly Auction Of Chinese Yuan

Following the $2.5 billion bilateral currency swap agreement signed last month between the Central Bank of Nigeria (CBN) and the People’s Bank of China...

Nigeria

CBN Deputy Governor Resigns

The Central Bank of Nigeria (CBN) deputy governor in charge of Operations, Adebayo Adelabu, will resign his appointment with effect from July 15. Mr Adelabu...

Banking

Heavy Election Spendings: MPC Likely To Hold Interest Rate

By 'Dotun Akintomide Concerned by the likely impact of the 2019 election spendings on the economy, members of the Monetary Policy Committee (MPC) are unlikely...

Headline

Buhari Govt Sets Up Presidential Infrastructure Fund With N199b

The federal government on Wednesday approved the transfer of about $650 million (about N198.9 billion) to the Nigerian Sovereign Investment Authority (NSIA) as initial...

Banking

Currency Swap Deal: Hope For Nigerian/Chinese Businesses

By 'Dotun Akintomide The signed a $2.5 billion bilateral currency swap between Central Bank of Nigeria (CBN) and the Peoples Bank of China (PBoC) will...

Headline

Abacha Loots: Adeosun Dismisses Reports on Payment to Lawyers

The Minister of Finance, Mrs. Kemi Adeosun, has dismissed a recent media report alleging that she wrote a “strongly-worded letter to the President” objecting...

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