Tag
CBN
Nigerian entrepreneurs can now receive a zero collateral loan administered by the Central Bank of Nigeria with just a little training and enthusiasm.
Nigerian companies are on track to incur higher finance cost in the second half of the year as rising inflation rate pile pressure on the CBN to raise interest rates.
The accelerated fiscal deficit financing by the Central Bank of Nigeria is a significant inflation driver, the financing of which has elevated to disturbing levels.
Nigerian Banks total assets increased to N65.48 trillion in June 2022, indicative of a 22.07% uptick compared to the N53.64 trillion seen in June 2021.
President Buhari has commended critical stakeholders in the banking and financial sector for their diligent work over the years to ensure financial system stability.
The Central Bank of Nigeria sold $4.86 billion worth of foreign exchange to authorities dealers in the first quarter of 2022.
As Nigeria’s inflation outpaces the income from Naira-denominated investments, savers are losing money in real terms.
To ease supply pressure from the CBN, the Nigerian currency will unavoidably need to be depreciated at the Investors and Exporters (I&E) foreign exchange window rate.
Nigerian banks' borrowings from the Central Bank of Nigeria's Standing Lending Facility (SLF) increased to N737.05 billion in May 2022.
In the month of August 2022, the Central Bank of Nigeria (CBN) sold a total of N446.15bn in Treasury bill auctions.
Flutterwave, Africa’s leading payments technology company has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN).
The CBN has stated that the Federal Government of Nigeria (FGN) needs to “jettison the current fuel subsidy policy” due to the high cost to the economy.