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$1.2bn Loan: FG, Banks Disagree On Take Over Of Etisalat

A consortium of local and foreign banks has taken over the management of Etisalat Nigeria after debt restructuring talks with the banks failed. But the...

CBN, Other Banks To Be Invited By Senate Over High Interest...

The Central Bank of Nigeria and other commercial banks are to be invited by the Senate for questioning over high interest rates in the...

Zenith, GTB, Access Bank account for 81.2% …Shareholders kick

A WHOPPING N24.98 billion was withdrawn from the profits 14 banks quoted on the Nigerian Stock Exchange, NSE, and transferred to the Central Bank...
List Of Banks In Nigeria

Reduce lending rate from 14 per cent, MAN urges CBN

The Manufacturers Association of Nigeria (MAN) has called on the Central Bank of Nigeria (CBN) to drop the lending rate from 14 per cent...
CBN promotes entrepreneurship in Calabar

CBN releases new list of 36 qualified items for Forex

The Central Bank of Nigeria (CBN) on Wednesday published a list of items, for which importers can source foreign exchange (Forex) from the market. FINANCIAL...
CBN promotes entrepreneurship in Calabar

CBN promotes entrepreneurship in Calabar

Central Bank of Nigeria (CBN) South-South Entrepreneurship Development Centre (SS-EDC) is driving a programme to help youths learn new skills to create micro enterprises,...
Emefiele says Nigeria Q2 economic recovery unlikely

Emefiele says Forex stability excites Buhari

The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, on Thursday said President Muhammadu Buhari was excited at the current stability being witnessed in...

Harsh operating environment threaten GSM companies in Nigeria

Telecommunications subscribers in the country may face poor quality of service issues as some Global System for Mobile communications (GSM) operators scale down operations...
CBN unexpectedly hikes rates

Forex: CBN Sanctions 12 Banks For Frustrating Small Businesses

The Central Bank of Nigeria (CBN) has barred at least 12 deposit money banks (DMB) from the SME window of the foreign exchange market...

CBN approves Roosevelt Ogbonna as Access Bank Deputy Managing Director

The Central Bank of Nigeria (CBN) has approved the appointment of Mr. Roosevelt Ogbonna as the new Group Deputy Managing Director of Access Bank...

MoneyTrust Microfinance Bank Commences Operations

MoneyTrust Microfinance Bank Limited (MFB), a newly licensed multi-purpose MFB approved by the Central Bank of Nigeria (CBN) that is located in Lagos, has...

CBN to sustain forex intervention, releases fresh $418m

The Central Bank of Nigeria on Sunday vowed to sustain its intervention in the foreign exchange market to ensure liquidity in that segment of...

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