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External Reserve Slides To 27 Months Low

Week-on-week decline spikes by 49% AT the backdrop of a sustained slide in the country’s fortunes, the nation’s external reserves is set to drop below...

$53m Debt: Court Summons CBN Governor, Emefiele

Justice I. E. Ekwo of the Federal High Court in Abuja has summoned the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele,...

NDDC Crisis: Concerns Escalate As Interim Mgt Plots To Expend N35.7bn

.CBN blocks move, demands documentation .By Hamilton Nwosa (Head Business Desk, The New Diplomat) The crisis rocking the Niger Delta Development Commission (NDDC) has reportedly escalated following...

BREAKING: Nigeria’s Debt Hits N25.7trn

The nation’s total public debt rose by N3.32trn in one year to N25.7trn as at the end of June 2019, the Debt Management Office...

CBN Sanctions Four Banks For Money Laundering

The Central Bank of Nigeria and Financial Reporting Council of Nigeria sanctioned four commercial banks between January and June for various infractions, our correspondent...

CBN Grants Diamond Bank Approval To Operate As National Bank

The Central Bank of Nigeria has granted Diamond Bank Plc the approval to operate as a national bank following its application for it. The bank’s...

BREAKING: Buhari Approves Nine New Appointments

President Muhammadu Buhari has approved the renewal of the tenure of three chief executive officers, four new non-executive directors of the Central Bank of...

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