MTN shares plunge 23% after Nigeria orders repatriation of $8.1billion
MTN Group shares plunged as much as 23 per cent to a nine year low on Thursday, a day after Nigeria ordered the telecoms group to repatriate $8.1 billion…
Forex Scam: MTN, Citibank, Stanbic IBTC, Standard Chartered, Diamond to refund $8.13bn
The Central Bank of Nigeria (CBN)  has imposed heavy sanctions totaling N5.87 billion on four banks and asked same to refund the sum of $8,134,312,397.63 for ‘flagrant violation of extant…
CBN lending policy to farmers excites Audu Ogbeh
Chief Audu Ogbeh, the Minister of Agriculture and Rural Development, has commended the Central Bank of Nigeria (CBN) new nine per cent lending policy to farmers. Ogbeh, who gave the…
FG distributes inputs worth N5million to rice farmers in Oyo State
The Federal Government, through the Central Bank of Nigeria (CBN), on Monday distributed farm inputs worth N5 million to18 rice farmers in Oyo State. Mr Victor Korede, the Chairman, Rice…
New CBN credit policy will stimulate economic growth – Expert
An economist, Mr Titus Okuroumu, on Friday expressed optimism that the new Central Bank of Nigeria (CBN) credit policy would consolidate the gains already made  in the economy and stimulate…
Foreign exchange inflow hits $91b in 2017 – CBN annual report
The Central Bank of Nigeria (CBN), says the aggregate foreign exchange inflow into the country stood at $91 billion in 2017. The bank disclosed in its 2017 annual report released…
FG to include ICT, telecom on forex priority list
The Minister of Communications, Mr Adebayo Shittu, says the ministry is collaborating with the Central Bank of Nigeria (CBN)Â to include the ICT and Telecom industry on Forex priority list. Shittu,…
Currency swap deal: CBN bars importers of substandard goods
The Central Bank of Nigeria (CBN) says the currency swap agreement with the People’s Bank of China (PBoC), will not cover the importation of substandard goods into the country….
CBN grants N14.9bn loan to North-East Commodity Association
The Central Bank of Nigeria (CBN) has granted N14.9 billion loan to the North East Commodity Association (NECAS), on the platform of its Anchor Borrowers’ Programme (ABP). Alhaji Sadiq Deware,…
Nigerians decry circulation of mutilated naira notes
Some Nigerians have decried the widespread circulation of mutilated naira notes in the country and called on the Central Bank of Nigeria (CBN) to reverse the trend and ensure better…