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Nigeria’s Foreign Reserves Fall By $2.1bn In 30 Days

CBN Governor, Godwin Emefiele Nigeria’s foreign exchange reserves have declined by $2.15 billion in the last thirty days, following the Central Bank of Nigeria (CBN) decision to defend the naira. The Nigerian reserves have dropped by $1,541,891,539, since the United States Federal Reserves raised interest rates on September 26, 2018, as investors continue voting their monies […]

TVC Breakfast 18th Oct., 2018 | CBN’s battle to achieve naira stability

TVC Breakfast 18th Oct., 2018 | CBN’s battle to achieve naira stability. Posted by naijacurator on October 18, 2018 0 Comments. Read Next →.

Nigeria’s External Reserves Drop By $1bn In Less Than Two Weeks

The nation’s foreign exchange reserves have dropped to a seven-month low, losing $1. 02bn in the last 13 days according to latest data from the Central Bank of Nigeria as shown on Wednesday. The external reserves, which stood at $44. 30bn on September 28, fell from $44. 02bn on October 2 to $43bn on October 15.The […]

Foreign Reserves drop by $1.1 billion in 2 weeks, now $43 billion

Nigeria’s external reserves have continued its free fall by suffering a major drop within the last two weeks as the Central Bank of Nigeria (CBN) data reveals the nation’s foreign reserves fell by $1.1 billion during the period. Though the external reserves currently stand at $42.92 billion as at Tuesday, October 16, however, CBN data […]

Microfinance bank slams N5 million lawsuit on CBN, NDIC

BFL Microfinance Bank has slammed a total of N5 million lawsuit on the Central Bank of Nigeria (CBN), and the Nigerian Deposit Insurance Corporation (NDIC). The bank is suing the regulatory bodies over revocation of its operating license. While BFL is seeking general damages of N2 million, they also wants punitive damages of N3 million. How […]

Benue, Imo, three other states denied $2.7 billion Paris Club Refund

The Minister of Finance, Zainab Ahmed has announced that five Nigerian states would not receive the last tranche of Paris Club Refund. She made this known during a briefing with State House Correspondents after the weekly Federal Executive Council (FEC) meeting at the Presidential Villa, Abuja. The states which comprise of Benue, Rivers, Imo, Osun and Akwa Ibom, […]

Senate Passes Resolution Telling CBN To Cancel Deduction Of ATM Card

And it’s a big one for the Nigerian Senate! Today, via the Twitter page of the Senate President, Bukola Saraki, it was announced that the ATM car maintenance charges being deducted from Bank customers will soon come to an end as the Senate in a sitting passed a resolution call the Central Bank of Nigeria […]

Economic, Business and Financial Headlines – 181018

Thursday October 18, 2018 / 7:00 AM / Proshare News   Click Here To Read Latest Updates   PROSHARE ECONOMY Monsoon in India and Drought in Brazil Will Continue to Raise Sugar Prices –The policy preference of the CBN is a simple trade-off of lower external reserves for a strong naira. Unfortunately, both of these […]

MTN and CBN will soon find a common ground

The Federal Government has raised hopes that the Central Bank of Nigeria (CBN) and troubled teleco-giant,  MTN would soon strike a deal in their dispute over the repatriation of $8.1 billion. Speaking through the Minster of Information, Lai Mohammed assured that the two parties are getting closer to resolving the dispute. According to him: “They […]

Senate asks CBN to increase maximum ATM withdrawal to N40k per transaction :: Bestnaira.com

    By Henry Umoru ABUJA—The Senate yesterday asked the Central Bank of Nigeria, CBN, to direct commercial banks in the country to increase the maximum amount customers can withdraw from automated teller machines, ATMs, to N40,000 per transaction. The maximum is currently N20,000. SENATE CHAMBER The upper legislative chamber, which also asked the apex […]

Checking the Naira abuse

READ ALSO: Digital currency threat to financial stability – Ibrahim, NDIC boss According to the CBN, a key component of the measures to curb the hawking and mishandling of the naira is the setting up of mobile courts that will try offenders on the spot. The idea of mobile court to try offenders is in collaboration […]

BREAKING: @NGRSenate tells CBN to suspend ATM card maintenance charges.

@Nairametrics @NGRSenate Now that the senate is with PDP, I guess they will now start overturning the same laws they allowed when they were …

Just In: Senate Calls On Cbn To Suspend Atm Card Maintenance Charges – Business

The Senate has passed a resolution calling on the Central Bank of Nigeria to suspend the ATM card maintenance charges being deducted from customers. The Senate made this known via a tweet @SPNigeria. This resolution came as part of a motion on the illicit and excessive bank charges on customers accounts, sponsored by Senator Olugbenga […]

Senate seeks suspension of ATM card maintenance charges

As part of a motion on the illicit and excessive bank charges on customers accounts, the Nigerian Senate has passed a resolution calling on the Central Bank of Nigeria (CBN) to suspend the excessive ATM card maintenance charges being deducted from customers. The Senate disclosed this in a tweet. BREAKING: Today, the Nigerian Senate passed a resolution calling […]