Nigerian governors have warned that carrying out the Central Bank of Nigeria's (CBN) proposed recovery of state loans would be suicidal given the constant reductions in FAAC allocation to states. ...
Nigeria's foreign reserves fell by $2.202 billion to $38.318 billion on September 29, 2022, from $40.520 billion on December 31, 2021. Foreign reserves have decreased by 5.42%. Billions have depleted ...
Godwin Emefiele, Governor of the Central Bank of Nigeria, announced an increase in the benchmark interest rate (MPR) to a two-decade high of 15.5%. He made this announcement after the ...
In a bold step to combat inflation in the nation, the Central Bank of Nigeria (CBN) increased the Monetary Policy Rate (MPR) to 15.5 percent from 14 percent. This information ...
Nigerian firms are on track to incur higher financing costs in the year's second half as rising inflation puts pressure on the Central Bank of Nigeria to raise interest rates. ...
Nigerian banks operating environments could deteriorate in 2022–2023 as adverse global economic conditions feed through to the local economy, Fitch Ratings says in a new report. Soaring inflation led the ...
The Central Bank of Nigeria, CBN, in a bid to defend the naira, injected $2.1 billion into the Investors and Exporters (I&E) window, in the seven months to July this ...
Access Bank Plc has appointed Chizoma Okoli as its new Executive Director in charge of Business Banking Division. Okoli’s appointment has been approved by the Central Bank of Nigeria (CBN), ...
The Central Bank of Nigeria has reportedly reduced the Monetary Policy Rate from 14 per cent to 13.5 per cent. Godwin Emefiele According to Punch Metro, the Monetary Policy Committee of ...
The customers, who made the call in separate interviews with News Agency of Nigeria, NAN, in Gwagwalada on Monday, described the maintenance and transaction fees as well as other charges ...
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