Banks in Nigeria are placing limits on the amount any individual can withdraw from the ATMs using their debit cards while they are abroad. According to...
Federal government has announced a reduction in the price of petrol from N125/litre to N123.5/litre, indicating a further reduction of N1.5. Abdulkadir Saidu, executive secretary, Petroleum...
By Lukman Otunuga, Senior Research Analyst at FXTM Fears over Nigeria descending into a recession have intensified after US crude tested levels below $20 for the...
Central Bank of Nigeria (CBN) has suspended indefinitely, the clearing of cheques instruments in the Nigerian clearing system The apex bank said this in a circular...
Central Bank of Nigeria (CBN) has directed its staff in non-critical roles to stay at home and work remotely, effective Wednesday. The Bank, however, said it...
Konga, Nigeria’s foremost e-commerce giant, has revealed that a minimum of 10,000 shoppers will benefit from its N10m fund set up to cushion the effects of...
Central Bank of Nigeria (CBN), has said that the Naira was not devalued, emphasising that the exchange rate was only readjusted to reflect the current global...
Central Bank of Nigeria (CBN) has expressed dismay at speculative activities at the foreign exchange market from impressions that the apex market would devalue the Naira,...
The Naira exchanged between N405 and N420 to the dollar yesterday as panic buying by foreign currency traders triggered another round of depreciation of the local...
Central Bank of Nigeria (CBN) has reviewed the Nigeria Uniform Bank Account Number (NUBAN) to include other finance institutions. A circular signed by Musa Jimoh, director,...
