Banks open $500m fresh Letter of Credits for oil marketers
Deposit money banks in the country have opened Letters of Credits, LCs…
CBN Governor allays investors fears on Nigerian capital market
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has called on…
Nigeria to become Africa’s largest exporter of Urea by 2017 – Dangote
President of the Dangote Group, Aliko Dangote has said that Nigeria will…
CBN rules out naira free float
Nigerian central bank governor Godwin Emefiele said on Tuesday he would not…
We’ll do everything to prevent further depreciation of Naira – CBN
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday…
Naira hits record lows as another devaluation looms
The naira hit record lows against the dollar on Monday before central…
Nigeria’s foreign reserves hit $34.49bn
The Central Bank of Nigeria (CBN) on Wednesday pegged the nation’s foreign…
Nigerians to pay more for electricity as new tariff takes off today
Industrial and commercial consumers of electric power in Nigeria are expected to…
CBN bars banks from holding funds in dollars
The Central Bank of Nigeria, CBN, has barred commercial banks from holding…
Nigeria foreign reserves slump by 18.3%
Nigeria's foreign reserves stood at $36.5 billion currently, down 18.3 percent from…