Inflation up marginally at 8% in December
Inflation rate rose marginally to 8 per cent in December from 7.9 as of November. Food inflation was also fairly stable, with prices rising...
CBN reviews foreign currency trading positions
The Central Bank of Nigeria (CBN) says it has reviewed the daily foreign currency trading positions of banks.
This is contained in a circular issued...
Nigeria’s economy remains robust, says UBA’s GMD
Mr Phillips Oduoza, the Group Managing Director, United Bank for Africa (UBA), says the Nigerian economy remains robust with the nation’s non-oil sector picking...
Economic collapse, hard times loom in 2015
To avoid economic collapse next year, the government must take urgent steps to stem the recurring problem of excess liquidity of the naira, crash...
Forex operators complain over scarcity of dollars
Bureau De Change operators in Kano have complained over the scarcity of dollars from the Central Bank of Nigeria (CBN).
Alhaji Mustapha Mohammed, the Treasurer...
Stanbic IBTC Bank, SURE-PMCH partner on cash transfer
Stanbic IBTC Bank, in partnership with the Subsidy Reinvestment and Empowerment Programme (SURE-P) Maternal and Child Health (MCH) Project, has launched Moni for my...
CBN loses control of naira stability
The Central Bank of Nigeria (CBN) may have run out of steam trying to stabilise the naira even as interbank lending rates jumped to...
Cash crunch hits FCT, hampers projects
Residents comparing Federal Capital Territory (FCT) Minister, Bala Mohammed, with his predecessor, Nasir el-Rufai, are being urged to perish the thought because money is...
Banks’ debtors pay more after policy rates hike
Banks’ customers servicing credit facilities are now paying more than they bargained for after the devaluation of the naira and the hike in interest...
Helpless naira falls N184.42 to the dollar
Again, the Central Bank of Nigeria's (CBN) intervention could not rescue devalued naira on Monday, December 1, as it closed at new record low...
