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Business

CBN Excludes Over 4,000 BDCs, Says Only 785 Operators Qualify For $20,000 Weekly Intervention

The Central Bank of Nigeria has instructed Bureau de Change sellers not to sell above one per cent of the above purchase rate from...
Business

Customers Stranded As BDCs In Abuja, Kano, Lagos Shutdown Over Dollar Spike

Bureau de Change Operators, under the Association of Bureau de Change Operators of Nigeria have shutdown operations over the surge in the price of...
Business

Guinness Posts N5.2bn Loss In 2023 As CBN’s Naira Devaluation Leads To 256% Surge In Finance Cost

Guinness Nigeria Plc recorded a N5.23bn loss after tax in 2023 after its cost of borrowing from lenders to finance its activities and foreign...
Business

Probe Report: Emefiele Fights Back, Denies Opening 593 Illegal Accounts In US, UK, China

A former Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has responded to the outcome of an investigative report during his tenure...
Business

JUST IN: Newly Appointed CBN Governor, Cardoso Faces Fresh Hurdle As Naira Falls To All-Time Low Of N980 Per Dollar

The naira has depreciated to N980 per dollar at the black market ahead of the takeover of the Central Bank of Nigeria by its...
Business

Tackle Forex Crisis, Minimize Political Interference, Expert Tells New CBN Governor

Ndubisi Nwokoma, a professor of Financial Economics at the Department of Economics of the University of Lagos (UNILAG), has said the new Central Bank...
Business

‘This Is False’—Elumelu Denies Being Considered For Position Of CBN Governor

The Chairman of Heirs Holdings, Tony Elumelu, has denied a report that he is being considered by President Bola Ahmed Tinubu as the replacement...
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