The Central Bank of Nigeria (CBN) has summoned all authorised currency dealers for a meeting to discuss development in the foreign exchange market.
France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday.
The South, South Animal and Crops Farmers Association of Nigeria, has commended President Muhammadu Buhari for re-appointing Mr Godwin Emefiele as governor of Central Bank of Nigeria (CBN), for another five years.
Sixty-Two debtors are owing the Asset Management Corporation of Nigeria (AMCON) N10 billion and above each, the agency has said.
According to Zenith Bank Founder/Chairman, Jim Ovia, businesses stand a chance to triple growth rate and earnings through innovation and technology
Zimbabwe’s interim currency fell to a new low on the black market on Thursday and local firms were demanding payment in U.S. dollars as a hedge against inflation, which is running at its highest in a decade.
The Central Bank of Nigeria (CBN) has stated that the report in BusinessDay newspaper of Monday, June 17, 2019, headlined: “CBN’s life support to FG rises 780% to N8.12trn in 4yrs”, is not only false, but an attempt, through sheer mischief, to distort and misrepresent CBN’s financial operations and also to misinform the investing public on the financial health of our country.
Angola, a key provider of oil to China, has suffered its slowest trading month this year as poor refining margins, high freight rates and subdued demand amid the trade war between Beijing and Washington curbed its sales.
Following media reports insinuating that the Federal Government has no plans to issue Eurobonds as part of its external borrowing in 2019, the Debt Management Office (DMO) on Wednesday clarified that there was no such foreclosure.
A Federal High Court in Lagos on Wednesday adjourned until Sept. 30, for continuation of trial in a debt recovery suit by the Federal Government against Shell Western Supply & Trading Ltd.
Emerging market stocks rose on Wednesday while developing world currencies broadly firmed against the dollar as investors counted on the U.S. Federal Reserve’s outlook later today to match their expectations of lowering U.S. borrowing costs.
The Bank of Industry (BoI) has disbursed $82million to some indigenous investors for the purchase of ships. The cash covers support for companies involved in ship repairs and allied investments.
Signs that arch-Brexiteer Boris Johnson may be a step closer to becoming Britain’s next prime minister sent the pound tumbling to a five-month low versus the euro on Tuesday as investors worried about the risks of a hard exit from the European Union.
The Founder/Chairman of Zenith Bank, Mr. Jim Ovia, has expressed optimism for more investments in the Nigerian economy.
Shareholders of Union Bank of Nigeria (UBN) Plc have approved a proposal to cancel N54.46 billion accumulated permanent losses in the books of the commercial bank.
1 Division Nigerian Army on Wednesday said, it has killed 24 criminal elements during its operation Harbin Kunama III in Kano, Kaduna and Niger states within one month of operation.
The Deputy Speaker of the House of Representatives, Mr Idris Wase, has urged workers in the National Assembly to create an enabling working environment for members of the federal parliament.
The Chairman, Presidential Advisory Committee Against Corruption, Prof. Itse Sagay (SAN), has asked Senate President Ahmed Lawan to stop misleading Nigerians, adding that senators earn N15m monthly and not N750,000 as claimed by the Senate President.
The United Nations on Drug and Crime (UNODC) said cannabis is the most widely used drug globally with an estimated 188 million people having used the drug in the previous year.
Cameroon defender Augustine Ejangue has apologised to Toni Duggan after spitting on her in their 3-0 loss to England in Sunday's Round of 16 contest in Valenciennes.
Germany became the first team to secure their place in the last eight of the Women’s World Cup after Lea Schueller’s late strike completed a hard-fought 3-0 win over underdogs Nigeria on Saturday.
The Federal High Court in Lagos has issued a bench warrant for the arrest and production in court of Chief Executive Officer, CEO, of Innosson Nigeria Ltd, Innocent Chukwuma, and two others, over alleged fraud.
The United Nations High Commission for Refugees (UNHCR) has said that Cross River alone was hosting 75 per cent of the over 36,000 Cameroonian refugees in Nigeria.
Leadership of Afenifere and Yoruba leaders met with President Muhammadu Buhari on Tuesday, demanding that he recruits policemen, deploy same to all 774 local government areas to tackle insecurity in the country.
Seven people have died in a crash between a truck and a group of motorbikes on a rural two-lane road in the US.