CBN, SEC, NDIC team up to streamline bank recapitalization
The Central Bank of Nigeria, the Securities and Exchange Commission, and the Nigeria Deposit Insurance Corporation have united to streamline the bank…
Economy
FG launches $500m dollar-denominated bonds
The Federal Government of Nigeria has launched its Series I Domestic USD Bond with the intention of raising at least $500 million…
CBN predicts slight decline in external reserve
The Central Bank of Nigeria has predicted that in 2024, the country’s foreign reserves may decline slightly, due to debt repayment and…
CBN approves $20,000 to each BDC at N1,450/$1
The Central Bank of Nigeria has declared that it has approved the sales of foreign exchange to qualified Bureau De Change to…
CBN persists higher interest rates if inflation persist – Cardoso
The Governor of the Central Bank of Nigeria Yemi Cardoso, has stated that sustained inflation could lengthen the duration of monetary tightening…
Nigeria addressing consequences of N27tn Ways and Means — Cardoso
The governor of the Central Bank of Nigeria, Yemi Cardoso has stated that the country is currently shouldering excesses of N27 trillion…
FG’s 2024 empowerment budget, higher than health projects — Report
Tracka, BudgIT’s service delivery promotion platform that enables citizens to collaborate, track, and provide feedback on public projects in their communities, has…
FG disbursed N1.2tn for capital projects in 2023
The Federal Government has released a total of N1.23 trillion to 17 ministries for the implementation of capital projects aimed at furthering…
CBN to cut down rate hikes soon – Cardoso
The Governor of the Central Bank of Nigeria, Dr. Olayemi Cardoso has declared that it will soon be able to cut down…
Demand deposits surges N29.67tn in May – CBN
Demand deposits have jumped by 206.83 per cent from N9.67tn in May 2019 to N29.67tn this year’s May, according to data from…
Rising volume of non-bank transactions threaten financial stability – Cardoso
The governor of the Central Bank of Nigeria, Yemi Cardoso, has expressed concern about the increasing transaction volumes of Non-Bank Financial Institutions…
Nigeria’s FX reserve rise to $34.14bn
Nigeria’s reserves continued to rise, reaching $34.14 billion on Friday, up 4.06 percent from $32.74 billion on June 3, 2024, according to…