The Central Bank of Nigeria (CBN) has issued a stern warning to Nigerians converting Naira to the US dollar. According to CBN, it would place a post-no debit on bank …
CBN
-
AfricaBanking, Finance & InvestmentNewsNigeriaWestern Africa
-
AfricaBanking, Finance & InvestmentBusiness and EconomyNigeriaWestern Africa
Central Bank of Nigeria’s RT $200 Records success, generates $600
Central Bank of Nigeria in its latest data has revealed that the RT $200 FX programme recorded a massive success as non-oil exporters have ramped up the repatriation of export …
-
AfricaBanking, Finance & InvestmentBusinessBusiness PoliciesNigeriaWestern Africa
CBN raises interest rate to 14%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted unanimously to raise the Monetary Policy Rate (MPR) to 14 per cent from 13%. CBN Governor, Godwin …
-
AfricaBanking, Finance & InvestmentBusinessNigeriaWestern AfricaZenith Bank
Zenith Bank holds 7th non-oil export seminar
The seventh edition of the annual Zenith Bank International Trade Seminar will hold on Wednesday, July 20, 2022, at the Civic Centre, Victoria Island, Lagos, and virtually. The seminar, themed …
-
AfricaBanking, Finance & InvestmentBusinessNigeriaWestern Africa
Banks’ borrowings from CBN hit N595.34bn in two months
The Central Bank of Nigeria (CBN) through its Standing Lending Facility in two months, lent to commercial banks a total of N595.34 billion. The figure is captured in its recently …
-
Sterling Bank Plc has won the Best Participating Financial Institution under the National Farmer of the Year 2021 Award of the Agricultural Credit Guarantee Scheme Fund (ACGSF) of the Central …
-
The Central Bank of Nigeria (CBN) has issued an exposure draft for the digital financial services awareness guidelines to address gaps in consumer knowledge and practices with Digital Financial Services …
-
Nigeria has recorded a $10.75bn foreign exchange inflow in two months. The Central Bank of Nigeria (CBN) revealed this in its monthly economic report on ‘Foreign exchange flows through the economy’. …
-
President Muhammadu Buhari has risen to the defense of the Central Bank of Nigeria’s monetary policy actions despite the inflation rate at 17.7% and the Naira continuing to plunge in …
-
Inflation may worsen as Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances rose from N17.46tn as of December 2021 to N19.01tn as of …