Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil) has confirmed that the plan for the commencement of Africa Energy Bank is completed.

Rufai, on Tuesday said he was aware of the alleged plans to arrest, detain and torture him whenever he returns to the country.He, however, said the rumoured plan to arrest and detain him was meant to ...

Some of the reforms put in place by Olayemi Cardoso, governor of the Central Bank of Nigeria, are starting to pay off as ...

The Central Bank of Nigeria (CBN) has once again demonstrated its resolve to uphold stability and discipline in the banking sector with its recent imposition of sanctions on nine Deposit Money ...

At the last meeting in September, the monetary authorities extended the bench- mark rate to 27.25%, a new record ...

"Market Participants will be required to conduct a self-assessment and submit to the CBN a report on the institution's level of compliance with the FX Code by January 31, 2025".

The Central Bank of Nigeria Governor, Olayemi Cardoso, on Wednesday, announced that the Federal Government will resume the ...

The Central Bank of Nigeria (CBN) has unveiled new regulations restricting Bureau de Change (BDC) operators to sourcing a maximum of $25,000 in foreign exchange per week from a single authorised ...

MTN raises data prices as telecoms begin to enforce tariff hike Lagos warns of traffic diversion ahead of 2025 city marathon on February 15 CBN announces ...

Initially inked in 2018 between the People’s Bank of China and the Central Bank of Nigeria, the swap was valued at CN¥15bn, equivalent to about N720bn (roughly US$2.5bn at the time).