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The Central Bank of Nigeria injected about $25.68bn to stabilise the nation’s currency in the foreign exchange market between January and August this year.
President Muhammadu Buhari has approved the appointment of Dr Sarah Omotunde Alade, as Special Adviser to the President on Finance and the Economy, domiciled in the Ministry of Finance, Budget and National Planning.
The Senate Committee on Finance on Monday prevented the representatives of the Central Bank of Nigeria Governor, Godwin Emefiele, from addressing it on the issue of exchange rates for funding key projects.
Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, on Friday said that there was no better time to diversify the Nigerian economy than now because the era of crude oil boom was over and that the commodity can never rise above $100 a barrel anymore as Was the case few years ago.
President Muhammadu Buhari on Monday met behind closed doors with the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.
The Central Bank of Nigeria (CBN), yesterday disagreed with the position of the International Monetary Fund (IMF) on the impact of the foreign exchange (Forex) restrictions on Foreign Direct Investment (FDI) inflow into the country.
Femi Falana, a senior advocate of Nigeria (SAN), has asked the national assembly to work with anti-graft agencies for the recovery of “$103.7 billion lost on oil sale”.
The foreign exchange restrictions placed on 43 items by the Central Bank of Nigeria (CBN) on Tuesday drew criticism from the International Monetary Fund (IMF).
Former governor of Jigawa State, Sule Lamido, has urged former President Goodluck Jonathan to prevail on President Muhammadu Buhari to release former National Security Adviser Sambo Dasuki from detention.
The Central Bank of Nigeria and Lagos State Government team on Saturday assessed the National Arts Theatre, Lagos ahead of new investment plan that includes building a Creative Industry Park at the Theatre.
The Comptroller General of the Nigeria Customs Service, Hameed Ali, has said that the agency’s revenue has increased during the closure of Nigeria’s borders.
The Central Bank of Nigeria says the transaction charges on deposit and withdrawal in furtherance of implementation of its cashless policy is on the amount in excess of the set limits. The Central Bank of Nigeria says the transaction charges on deposit and withdrawal in furtherance of implementation of its cashless policy is on the amount in excess of the set limits.
Following the recent forex restriction on the importation of starch, ethanol, syrup and other raw materials from cassava by the Central Bank of Nigeria (CBN), a starch processor, Goke Adeyemi, has called on the government to completely ban starch importation in order to encourage local processors.
Financial experts on Monday expressed optimism that retention of the interest rate by the Monetary Policy Committee (MPC) would likely trigger foreign investors’ participation in emerging Nigerian markets.
The Central Bank of Nigeria (CBN) will support and integrate small holders, subsistent and nomadic herdsmen through its Anchor Borrowers Programme (ABP) to boost livestock production.
Oby Ezekwesili, a former presidential candidate, on Tuesday, urged the newly constituted Economic Advisory Council to make it a priority to tell President Muhammadu Buhari, how he has allegedly mismanaged the economy.
The Federal Government has linked the contract which led to a judgement debt of $9.6billion (N3.5trillion) to the administration of ex-President Goodluck Jonathan.
The Central Bank of Nigeria (CBN) says its partnership with the Niger state government for a ranch at the Bobi grazing reserve is to ensure local production of milk.
Cup holders, the Olympic Eagles of Nigeria, were knocked out of the 2019 U-23 Africa Cup of Nations following a 0-0 draw with South Africa at the Al Salam Stadium, Cairo on Friday night.
Bayern Munich are set to stick with temporary manager Hansi Flick, though it is unclear whether he will be given the role on a permanent basis.
A local lawmaker in Akwa Ibom state, has been remanded in prison for allegedly assaulting a woman and stripping her naked.
The Peoples Democratic Party, PDP, has berated the All Progressives Congress, APC, for allegedly sending armed thugs to invade the venue of the meeting of its leaders, including Oyo State Governor Seyi Makinde and the PDP candidate, Engr. Musa Wada, in Lokoja ahead of today’s governorship election in Kogi state.
Lionel Messi scores on his return to the national team as Argentina beat Brazil 1-0 in an international friendly match at the King Saudi University Stadium on Friday night.
Gov. Bala Mohammed of Bauchi states says there is no conflict between Bauchi and Gombe states over oil discovery in border communities of the states.
A combination of two gene therapies may treat four diseases of old age – kidney failure, heart failure, type 2 diabetes, and even obesity – a new study suggests.
England Women head coach Phil Neville is battling with fears after four of his key plays pulled out ahead of Tuesday’s friendly against Czech Republic.
Officials of the Lagos State Fire Service, Lagos State Emergency Management Agency, Nigeria Police Force and those of the Nigerian Security and Civil Defence Corps were all present at the scene of the fire
Nigeria Olympic Eagles star striker, Taiwo Awoniyi, believes the coach Imama Amapakabo-led national U-23 has now got back its mojo working after Tuesday’s thrilling 3-1 win over Zambia, adding they are now ready to face the Amaglug-glug of South Africa in today’s top of the table Group B match at the Al Salam Stadium in Cairo.