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JUST IN: CBN keeps benchmark interest rate at 11.5%

The monetary policy committee of the Central Bank of Nigeria (CBN) has voted to retain the monetary policy rate (MPR), which measures interest rate,...

EFCC returns of N19.3bn Kogi salary bailout fund to CBN

The Economic and Financial Crimes Commission (EFCC) has confirmed the return of N19. 33 billion Kogi state salary bailout funds, recovered by the Commission,...

Naira falls at parallel market

The Naira, on Friday, depreciated against the dollar at the parallel section of the foreign exchange market. Bureaux De Change (BDC) operators in Lagos told...

Buhari approves N656bn financial support for states

The National Economic Council (NEC) says President Muhammadu Buhari has approved a fresh N656 billion Bridge Financing Facility to the 36 States. Hajiya Zainab Ahmed,...

We’ve distributed $3tri to Nigerians to cushion COVID-19 impact – CBN

Central Bank of Nigeria (CBN) Governor, Godwin Emefiele says about $3trillion has been distributed to families, farmers and companies to cushion the COVID-19 impact. Emefiele...

CBN’s eNaira records 488,000 subscribers in 160 countries

Barely 18 days after its launch, 488,000 consumer wallets have been on-boarded to Nigeria’s Central Bank Digital Currency (CBDC) platform known as the eNaira...

Interpol declares Nigerian businesswoman wanted as police probe GTBank’s role in...

Nigerian businesswoman Munachim Onyia has been declared wanted by the Interpol section of the Nigerian Police Force, following her alleged involvement in N5.3 billion...

My victory will of God, says Anambra governor-elect

Former Governor of the Central Bank of Nigeria (CBN), Professor Charles Soludo, has described his victory at the Anambra State governorship election as the...

#AnambraDecides: INEC declares Soludo winner of governorship election

The Independent National Electoral Commission (INEC) has declared Chukwuma Soludo, candidate of the All Progressives Grand Alliance (APGA), as winner of the Anambra governorship...

How CBN pumped more currency into economy amid inflation

Despite the rising inflation, the Central Bank of Nigeria (CBN) allowed about N2.907 trillion or 19.06 percent more currency in circulation in the economy...

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