May 22

• Nigeria: CBN Retains Monetary Rates Over Impact of Emergency Rule

  Rising concerns over the likely impact of the emergency rule and operations of the military in the north-east on the economy has forced the Central Bank of Nigeria (CBN) Monetary... Read more »

• Nigeria: FG Inaugurates Committee to Access U.S.$500 Million AfDB Loan

  The federal government has commenced the process to access a $500 million African Development Bank (AfDB) loan with the constitution of a five- man monitoring and evaluation... Read more »

May 20

• Nigeria: Will MPC Hold Rates Again?

  The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is meeting today and tomorrow to deliberate and make critical monetary policy decisions and inflation rate... Read more »

May 16

• Nigeria: Naira Eases On Demand, As Reserves Decline

  The value of the naira eased against the dollar on the interbank market yesterday as strong demand from importers of fuel and other goods drained liquidity in the market, even as... Read more »

May 15

• Nigeria: CBN Monitors Banking Transactions Through E-FASS - Official

  The Central Bank of Nigeria (CBN) says it is monitoring all banking transactions in the country electronically through the Electronic Financial Audit Sub-System (E-FASS). Read more »

May 14

• Nigeria: World Bank to FG - Don't Borrow to Finance Budget Deficit

  The World Bank has warned that Nigeria is at risk of borrowing to finance budget deficit in two years' time. Read more »

• Nigeria: FG Earns N2.4 Trillion in Three Months, Incurs N284 Billion Deficit

  The Central Bank of Nigeria (CBN) has disclosed that the federal government has collected a total revenue of N2. 425.3 trillion in the first three months of 2013. Read more »

May 13

• Nigeria: CBN Reviews Anti Laundering and Terrorism Regulation

  The Central Bank of Nigeria (CBN) has reviewed the Anti Money Laundering and Combating the Financing of Terrorism (AML/CFT) Regulation to align with international best practise as... Read more »

• Nigeria: CBN Develops Template On NSBD for Banks

  The Central Bank of Nigeria (CBN) has developed a Draft Reporting Template on Nigeria Sustainable Banking Principle (NSBP) for banks, discount houses and other financial... Read more »

May 8

• Nigeria: Niger Partners Bank, Injects N2 Billion Into Agric

  Niger state government in partnership with the Bank of Agriculture, is set to inject N2 billion into commercial agriculture through a counterpart funding arrangement for the... Read more »

May 7

• Nigeria: Cashless Nigeria - CBN Reduces Cheque Truncation to T+1

  The Central Bank of Nigeria (CBN)'s concerted efforts at ensuring the country's economic policy is at par with what obtains in other parts of globe is yielding fruits as cheque... Read more »

April 29

• Nigeria: Banks Customers Vent Frustrations On New Portal

  Despite the full-scale reforms in the banking sector initiated by the Central Bank of Nigeria (CBN), bank users are unhappy with services they get from most of the banks. This has... Read more »

April 26

• Nigeria: Diamond Bank Disburses N71 Billion Loans to SMEs

  Diamond Bank Nigeria Plc said on Thursday that it has disbursed over N71 billion loans to 30, 000 small and medium scale enterprises in the country since 2009. Read more »

• Nigeria: Kwali Gets Microfinance Bank

  The Federal Capital Territory Administration (FCTA) has established a microfinance bank in Kwali area council to be called Kwali Microfinance Bank. Read more »

April 25

• Nigeria: Lower Naira Notes - Illegal Hawking Booms Amidst Shortage in Banks

  Despite the persistent scarcity of the lower naira denominations, N5, N10, N20 and N50 in circulation across the country, illegal currency hawkers have continued to make brisk... Read more »

• Nigeria: Huge Security Spending, Guns Cannot Guarantee Security - Sanusi

  Governor of the Central Bank of Nigeria (CBN) Sanusi Lamido Sanusi said on Wednesday that huge spending on security and use of guns by security forces would not guarantee security... Read more »

• Nigeria: MTN Nigeria Secures N470 Billion Loan From 23 Local, Foreign Banks

  MTN Nigeria yesterday secured loan facilities totaling US$3 billion (about N470 billion) from a consortium of local and international financial institutions to enable it further... Read more »

April 22

• Nigeria: Diamond Bank Rewards 3,000 Customers With N2 Billion

  Diamond Bank Plc has rewarded more than 3,000 customers with over N2 billion through its Savings Xtra promo started in 2008. Product Manager, SavingsXtra promo, Mr David Otukpe,... Read more »

• Nigeria: Volume of Cash in Circulation Drops By N1.45 Trillion

  The volume of raw cash in circulation dropped significantly in January as the cash-lite policy of the Central Bank of Nigeria continued to gain ground. At N1.457 trillion, currency... Read more »

April 18

• Nigeria: Naira Retreats, As CBN Sales Decline

  The naira depreciated to the lowest in two weeks as investors demanded dollars after the Central Bank of Nigeria sold the least foreign currency at auctions in more than a month. Read more »

• Nigeria: Reps Propose Two-Year Jail Term for Failed Bank Officials

  The House of Representatives yesterday moved to provide a two-year jail term for executives of failed banks as well as a fine of N1million. Read more »

April 16

• Nigeria: Steady Liquidity, Steady Rates

  With a steady liquidity boost, interbank rates stabilised below the Monetary Policy Rate (MPR) of 12 per cent for active tenors in March while the monetary authority became more... Read more »

• Nigeria: Bank Fraud - CBN Recovers N8.6 Billion for Customers

  The Central Bank of Nigeria (CBN)'s efforts at protecting bank customers are yielding immense result as the apex bank said it has recovered N8.6 billion from banks in the country... Read more »

• Nigeria: Kaduna On the Verge of Bankruptcy - ACN

  The Action Congress of Nigeria (ACN), Kaduna State chapter, has accused Governor Mukhtar Ramalan Yero's administration of being first administration to plunge Kaduna State into... Read more »

• Nigeria: Fresh Facts On Access Bank's Leadership Succession Plan Emerge

  The current deputy managing director of Access Bank Plc, Mr Herbert Wigwe, would take over the number-one position in the bank come December when its group managing director, Mr... Read more »