The nation’s quest of becoming the hub of Islamic banking in West Africa received a boost on Monday, as the Central Bank of Nigeria (CBN) and other relevant agencies concluded plans to issue the

Nigeria sold $400 million at a foreign-exchange auction today, less than the $478.8 million requested by lenders, as it tries to keep the naira in a range to control inflation. Dollars were sold

Nigeria plans to sell its first sukuk within 18 months, Central Bank of Nigeria Governor Lamido Sanusi said today. The country’s Debt Management Office is working on policies to be able to enact

The Nigerian Central Bank is seen in Abuja, Nigeria. The central bank has ordered lenders to boost capital by Sept. 30 or it will withdraw interbank guarantees. Photographer: Suzanne

Nigeria’s central bank gave approval in principle to nine lenders’ applications for international operating licenses, Deputy Governor Kingsley Moghalu said. The lenders that won approval for

The Nigerian Agricultural Insurance Corporation (NAIC) has condemned the failure of some major commercial banks participating in the disbursement of the N200 billion commercial agric loans to remit

Chairman of the Economic and Financial Crimes Commission (EFCC), Mrs Farida Waziri, has called for an unconditional repatriation of over $148 billion annually stolen from African countries and hid

Abuja — ABUJA has budgeted N850 million for the inauguration of Goodluck Jonathan as President on May 29, expected to be witnessed by dignitaries from within and outside the country. The figure