Analysts fear new interest rate may increase non-performing loans
By Melvin Onwubuke There are concerns by some financial experts, regarding the aggressive monetary policy stance adopted by the Central Bank…
CBN
Nigerian Exchange ahead in Africa with 33.70% gain
By Melvin Onwubuke The Nigerian Exchange has emerged as the number one exchange in Africa in the first two months of 2024,…
Nigeria needs more stringent measures to secure macroeconomic stability – Fitch
By Melvin Onwubuke Fitch Ratings Inc. has highlighted the need for Nigeria to adopt more rigid monetary tightening measures to secure macroeconomic…
Naira rises against dollar, hits seven-day high
For the third day in a row, the naira and dollar increased in value, ending the day on the official market at…
Banks increase lending rates after CBN’s MPR hike
By Melvin Onwubuke Following the Central Bank of Nigeria’s record increase in monetary policy rate, Nigerian banks began to raise their…
Senate probes CBN officials over N30tn loan
By Melvin Onwubuke The Senate has announced that, it will question some officials of the Nigeria Central Bank on how N30tn…
CBN sells 1yr OMO bills at record 21.5%
Melvin Onwubuke The Central Bank of Nigeria sold a historical N1.056 trillion in OMO bills on Friday with the yield on the…
JUST IN: CBN revokes operational licenses of 4,173 BDCs
The Central Bank of Nigeria, in exercise of the powers conferred on it under the Bank and Other Financial Institutions Act 2020,…
FX debt: CBN owes just five banks, says Cardoso
With the exception of five banks, foreign exchange backlogs have been resolved, according to Olayemi Cardoso, Governor of the Central Bank of…
CPPE urges CBN to peg custom duty FX rate at N1000/$1
By Melvin Onwubuke The Centre for the Promotion of Private Enterprise has urged the Central Bank of Nigeria to take bold steps…
Trim BDCs for direct credit intervention, Nigerian manufacturers urge CBN
By Melvin Onwubuke The Manufacturing Association of Nigeria has proposed that the CBN cut down on the number of Bureau De…
CBN to meet with foreign investors today
By Alex Omenye The Central Bank of Nigeria Governor, Yemi Cardoso, is scheduled to participate in a significant meeting with foreign…