The Central Bank of Nigeria (CBN) is bracing for a hefty interest payout, with projections indicating an outlay of approximately N1.01 trillion, stemming from its relentless efforts to safeguard the ...
Throughout March 2024, the Nigerian naira experienced a notable appreciation against the US dollar, marking a gain of over N350. This substantial improvement was attributed to various foreign exchange policies, ...
The Central Bank of Nigeria (CBN) has announced a significant inflow of over $1.5 billion into the country's economy recently, signaling a positive impact of its monetary policy measures. According ...
The Central Bank of Nigeria has disclosed that over $1.5bn came into the Nigerian economy over the past few days, indicating that its monetary policy efforts are effective. The CBN’s ...
The Central Bank of Nigeria (CBN) has significantly reduced the exchange rate for customs import duties collection, marking the lowest rate observed in the past eight weeks. According to ENTREPRNEURNG's ...
The banking sector is abuzz with dissent following the Central Bank's recent announcement of revised capital requirements, which exclude retained earnings from the share capital calculation. In a move aimed ...
According to reports, some Nigerians who benefited from the Central Bank of Nigeria (CBN) and NIRSAL Microfinance Bank's targeted credit facility (TCF) have defaulted on repayment, leaving an outstanding debt ...
The Central Bank of Nigeria (CBN) has implemented a significant reform, increasing the minimum capital base for commercial banks with varying scopes of operations. As of Thursday, March 28, 2024, ...
According to the auction result report, the Central Bank of Nigeria (CBN) recently concluded a successful auction of Nigerian Treasury Bills (NTBs) on March 27, 2024, which sold a substantial ...
In a recent directive, the Federal Government of Nigeria has instructed commercial banks to deduct and remit 0.375% on all loans they disbursed. According to notifications sent to customers by ...
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