Only seven banks can meet CBN recapitalisation requirements – Report
No fewer than 17 out of the existing 24 Deposit Money Banks may be unable to meet the Central Bank ...
Friday, January 10, 2025
Tag: CBN
CBN Reaffirms Banks Cannot Utilize FX Revaluation Gains for Dividends
The Central Bank of Nigeria (CBN) has restated that banks operating there are prohibited from using their foreign exchange (FX) ...
CBN insists banks can’t pay dividends from FX revaluation gains
The Central Bank of Nigeria has reiterated that banks operating in the country cannot use their foreign exchange revaluation gains ...
CBN Transfers 2.1 Million Bags of Fertilizer Worth N100 Billion to Agric Ministry
The Central Bank of Nigeria (CBN) made a significant move on Wednesday in Abuja by handing over 2.1 million bags ...
Naira Holds Steady at N1,615/$1 Amid CBN’s Duty Rate Adjustment
The Nigerian naira has maintained stability, settling at N1,615 against the US dollar across official and parallel markets. This stability ...
CBN Struggles with Liquidity Amidst Derivative Overload, says EIU
The Central Bank of Nigeria (CBN) is facing a significant liquidity challenge in supporting the naira, with nearly $20 billion ...
CBN Reports Quadrupling of FX Remittances to $1.3 Billion in February
The Central Bank of Nigeria (CBN) has announced a substantial surge in overseas remittances into the country, reaching $1.3 billion ...
Experts Fear Increased Non-Performing Loans Following CBN’s 22.75% Interest Rate Hike
Financial experts are voicing concerns over the Central Bank of Nigeria's (CBN) recent decision to implement a hawkish monetary policy ...
CBN to sell N1.6trn treasury bill in Q2 2024
The Central Bank of Nigeria has said it would sell N1.64trn worth of treasury bills, for the second quarter of ...
Focus on factors driving inflation, LCCI tells CBN
The Lagos Chamber of Commerce and Industry has advised the Central Bank of Nigeria to focus on the primary factors ...
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