Economics
-
Meet Union Bank’s new CEO, Yetunde Oni
Barely hours after the Central Bank of Nigeria dissolved the boards and managements of Union Bank of Nigeria, Keystone Bank…
Read More » -
Banks to disconnect non-deposit financial institutions from transfer list
Banks have been asked to disconnect Switches, Payment Solution Service Providers, and Super Agents from the Nigeria Inter-Bank Settlement System…
Read More » -
S’Court backs CBN, cancels old naira deadline
The Central Bank of Nigeria, on Wednesday, directed all banks to continue to issue and accept both the old and…
Read More » -
Naira drops to N956/$ as dollar supply falls by 46%
The naira fell, on Thursday, to N956/$ on the official Investor and Exporter forex window as dollar supply declined by…
Read More » -
Fresh Naira scarcity hits Kano, Sokoto, Edo, others
Despite recent assurances by the Central Bank of Nigeria that there is enough naira in circulation, reports of scarcity have…
Read More » -
Inflation rate: Monetary policies yielding desired results, says CBN
The Central Bank of Nigeria has said its monetary policy reforms have started reflecting positively on the country’s economy. The…
Read More » -
CBN extends validity of old naira indefinitely
The Central Bank of Nigeria has announced its intention to extend the validity of the old N200, N500, and N1,000…
Read More » -
Naira slumps further, exchanges 1,190/$
The naira has maintained its downward trend as scarcity of the dollar bites harder, findings have revealed. At the parallel market,…
Read More » -
THE NAIRA CONUNDRUM – WHAT TO DO
First of Dear Readers, I have been called to public service. Some of you may know this already. It…
Read More » -
$10bn debt: CBN defaults on payment to banks, dollar nears N1,000
Over two weeks after the Central Bank of Nigeria promised to clear over $10bn foreign exchange debts owed Deposit Money…
Read More »