Inflation drove Nigerians to borrow N4.82tn in Q1 2024 – CBN
Nigerians borrowed approximately N4.82 trillion from banks between January and March 2024, driven by the rising cost of living. In the Central…
CBN
CBN survey reveals insecurity as major business constraint in July
A recent survey by the Central Bank of Nigeria has identified insecurity as the foremost challenge facing businesses in Nigeria. The findings,…
CBN foresees improved business climate in Nigeria
The Central Bank of Nigeria has said that business owners are hopeful that in August 2024 and the ensuing six months, the…
CBN remittance inflows hits $553m in July
The Central Bank of Nigeria has disclosed a 130% increase in remittance inflows, with the figure reaching $553 million in July 2024.…
Banking sector benefiting from IFRS adoption – Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso announced that the Nigerian banking and financial system are currently benefiting from…
CBN resumes publications of inflation survey, others for transparency
The Central Bank of Nigeria has announced the return of periodic updates on important economic indicators as part of its attempts to…
Investors seeks resolution to Barbican Capital, FBN Holdings legal tussle
Members of the minority investors community have asked for a resolution of the fresh legal dispute at FBN Holdings involving the shareholding…
UBA, others disqualified from CBN’s Dutch auction
The Central Bank of Nigeria recently held a retail Dutch Auction in which six major banks were excluded, including United Bank for…
CBN list guidelines for fund repatriation by companies
The Central Bank of Nigeria has announced the documentation requirements for divestments and repatriation of foreign investments related to the Certificate of…
MAN urge CBN to resolve $2.4bn forex contracts
Manufacturers Association of Nigeria has urged the Central Bank of Nigeria to resolve the $2.4bn foreign exchange forward contracts to avoid plunging…
Nigeria net FX flow surges to $25.4bn in six months
The Central Bank of Nigeria has stated that net foreign exchange flows increased to $25.4 billion between January and June, showing a…
CBN endorse Providus Bank, Unity Bank merger
The Central Bank of Nigeria has granted the merger of Providus Bank and Unity Bank. This was disclosed in a statement signed…