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Tag: CBN

Nigerian banks, others borrowed N30.45tn from CBN in Q1 2024 – Report

Nigerian banks and merchant banks in the first quarter of this year,

Onwubuke Melvin Onwubuke Melvin

CBN drops exchange rate for import duties to N1303/$1

The Central Bank of Nigeria has reduced the exchange rate for customs

Alex Omenye Alex Omenye

Bankers oppose removal of retained earnings in CBN terms

Bankers are expressing their disapproval of the Central Bank's decision to exclude

Alex Omenye Alex Omenye

CBN raises commercial banks capital base to N500bn

Nigeria's Central Bank has raised the capital base of commercial banks with

Onwubuke Melvin Onwubuke Melvin

CBN clears all ‘valid’ FX backlog

The Central Bank of Nigeria has officially confirmed the settlement of all

Alex Omenye Alex Omenye

Senate discovers new infractions on N30tn loans, summons CBN gov

The Senate Ad-hoc Committee probing how the N30tn Ways and Means loans

Onwubuke Melvin Onwubuke Melvin

Customs exchange rate for cargo clearance reduce to N1593/$

The exchange rate for cargo clearance decreased to N1593.41/$, which represents a

Onwubuke Melvin Onwubuke Melvin

External reserves rise to $993m – Report

Recent data released by the Central Bank of Nigeria reveals a significant

Alex Omenye Alex Omenye

FX payments rose to $1.3bn in February – CBN

Foreign remittances into the nation increased to $1.3 billion in February 2024

Bisola David Bisola David

CBN, Gluwa signs MoU to boost eNaira adoption

The Central Bank of Nigeria has signed a Memorandum of Understanding with

Alex Omenye Alex Omenye

CBN sells another N1.3 trillion in treasury bills at 21.5%

Melvin Onwubuke The Central Bank of Nigeria (CBN) has completed another round

Alex Omenye Alex Omenye

Analysts fear new interest rate may increase non-performing loans

By Melvin Onwubuke   There are concerns by some financial experts, regarding

Bisola David Bisola David
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