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Banking

Naira Firms Up As CBN Injects $418m Into Forex Market

The exchange rate at the parallel market remained stable at N367 to the dollar yesterday, as the Central Bank of Nigeria (CBN) again injected...

Banking

Senate Summons CBN, Banks, Others Over High Interest Rates

To reduce the strangulating high interest rates charged on loans by financial institutions in the country, the Senate Committee on Banking, Insurance and Other...

Business

Despite 0.52% GDP Contraction in Q1, Emiefele Insists Economy Is Escaping Recession

.... Says Nigeria Will Be Out Of Recession in October CBN Retains MPC Rate At 14%; Liquidity Ratio At 30% Non-Oil GDP Grows By...

Business

Golden Chance Lotto Chair Urges Nigerians To Keep Faith With Buhari

Golden Chance Lotto Chairman, Chief Idowu Obasa, has urged Nigerians to keep faith with the government of President Muhammadu Buhari, despite the economic hardship...

Business

CBN Gives Banks Three Months To Submit Recapitalization Plan

The Central Bank of Nigeria, CBN has directed some systemically important banks considered too big to fail, that are short of capital to submit...

Business

Odinkalu, Others Sue CBN for N65 ATM Charge

Three Nigerians have filed a suit against the Central Bank of Nigeria, CBN, for its recent decision to reintroduce charges on cash withdrawals from...

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