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Friday, April 20, 2018
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Nigerian banks lose 2m customers in 2 years – Statistics

Despite Central Bank of Nigeria’s effort to promote financial inclusion, Nigerian banks lost over two million customers between 2016 and 2017. According to statistics from...

Central Bank weakens naira to 307 per dollar

Nigeria’s Central Bank on Monday weakened the naira marginally, selling dollars at N307 each for the first time on the official interbank market, in...

Emefiele predicts $40bn external reserves, stronger naira in 2018

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says the nation’s external reserves will rise to $40 billion in 2018 to give...

MMM in Nigeria hits restart button

Popular ponzi scheme MMM has officially announced a “RESTART” of the system, leaving many Nigerian participants wailing with thousands and millions of Naira trapped...

Nigeria’s external reserves hit $34bn – CBN

The Deputy Governor of Central Bank of Nigeria (CBN) in charge of Financial System Stability, Joseph Nnanna, has said the country’s external reserves have...

Nigeria sells treasuries to keep naira liquidity tight

Nigeria’s central bank sold N98 billion of treasury securities on Thursday to keep liquidity tight to support the currency, a day after it auctioned...