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Money market rates spiked as liquidity in the financial system dropped significantly amidst accelerating inflation conditions in Nigeria.

The Central Bank of Nigeria (CBN), has expressed optimism that its monetary policy initiatives are yielding the desired results.

In the foreign exchange market, the Naira depreciated at the Nigerian Autonomous Foreign Exchange Market

Court Grants Emefiele Bail The Federal Capital Territory High Court on Wednesday admitted the embattled former Central Bank Governor, Godwin…

The Nigerian naira exchange rates diverged after the local currency was launched into recovery with FX backlog settlement by the apex bank. The exchange rate crossed to N809.02 from behind amidst demand and supply imbalance.

The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has reiterated that his leadership would focus mainly on the core mandate of price stability.

The Nigerian naira staged a fresh recovery across the foreign exchange markets as the monetary authority launched plans to uncaged the dollarized economy. The apex bank began FX backlog payment to deposit money banks estimated at $7 billion.

United Bank for Africa (UBA) Plc says it will continue to provide access to finance to boost Nigerian Small and Medium Enterprises (SMEs) representation in international markets and economies.

The House of Representatives Public Accounts Committee has summoned the Central Bank of Nigeria (CBN) and 11 Electricity Distribution Companies (DISCOs) in connection with alleged mismanagement of the US$321 million and N18.2 billion loans.

Justice Olukayode Adeniyi of an FCT High Court on Thursday ordered the Economic and Financial Crimea Commission