The Central Bank of Nigeria (CBN) is bracing for a hefty interest payout, with projections indicating an outlay …
CBN
Throughout March 2024, the Nigerian naira experienced a notable appreciation against the US dollar, marking a gain of …
The Central Bank of Nigeria (CBN) has announced a significant inflow of over $1.5 billion into the country’s …
The Central Bank of Nigeria has disclosed that over $1.5bn came into the Nigerian economy over the past …
- Business News
CBN Reduces Exchange Rate for Customs Duties Collection to Eight-Week Low
by Harry ChomsThe Central Bank of Nigeria (CBN) has significantly reduced the exchange rate for customs import duties collection, marking …
- Business News
Bankers Disagree with CBN’s Recapitalization Terms, Exclusion of Retained Earnings Criticized
by Harry ChomsThe banking sector is abuzz with dissent following the Central Bank’s recent announcement of revised capital requirements, which …
According to reports, some Nigerians who benefited from the Central Bank of Nigeria (CBN) and NIRSAL Microfinance Bank’s …
- Business News
CBN increases capital base for mega banks to N500 billion, smaller banks N200 billion
by Harry ChomsThe Central Bank of Nigeria (CBN) has implemented a significant reform, increasing the minimum capital base for commercial …
According to the auction result report, the Central Bank of Nigeria (CBN) recently concluded a successful auction of …
- Business News
Federal Government Orders Banks to Deduct 0.375% Stamp Duty Charges on Loans
by Harry ChomsIn a recent directive, the Federal Government of Nigeria has instructed commercial banks to deduct and remit 0.375% …