Treasury Single Account: MDAs rush to beat today’s deadline

ABUJA—TO escape the wrath of President Muhmmadu Buhari, some of the over 100 Ministries, Departments and Agencies of government (MDAs) were in a rush, yesterday, to beat the deadline to open Treasury Single Accounts, TSA, with the Central Bank of Nigeria (CBN).

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CBN Barks, to Publish Names of Chronic Bank Debtors

Central Bank of Nigeria (CBN) said it would publish the names of chronic bank debtors and waxed worriedly about the growing amount of non-performing loans in the books of banks in the country.

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Nigeria's Overnight Lending Rate hits Record 70%

Nigeria's overnight lending rate more than doubled to a record high of 70 percent on Monday, amid a cash squeeze after the central bank last week soaked up Naira liquidity to support the ailing currency, Reuters reports.

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Naira's Fall Beyond CBN's Control - Emefiele

Governor, Central Bank of Nigeria, Godwin Emefiele, on Saturday night has said the factors causing the continued fall in the value of the naira are beyond the control of the CBN and the Federal Government.

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Nigeria: Naira slides to N184 against dollar

Less than one week after the Central Bank of Nigeria, CBN, devalued the naira by 8.4 per cent in a bid to reduce the pressure on the falling national currency, the naira on Monday again fell by 3.4 per cent to a new low of N184.10 against the dollar, down from the N178 it fell to on Friday.

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Outbound Money Transfer: Sending money from Nigeria with ease

Banks have started deploying Outbound Money Transfer services to ease the stress of sending money from Nigeria to individuals outside the country.

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