Tag
CBN
Nigerian banks are increasingly relying on costly short-term commercial papers (CPs) to address liquidity challenges as the Central Bank of Nigeria (CBN) enforces stringent cash reserve policies, driving up deposit costs, Bloomberg reports.
The total credit to the private sector in Nigeria declined to N73.66 trillion in February 2025, marking a...
The figure, however, still reflects a significant 15.45% increase year-on-year compared to the N95.56 trillion recorded in February 2024.
The recent economic reforms implemented by the Nigerian government have significantly boosted investor confidence, leading to a rally in naira-denominated assets, including stocks and Eurobonds, while yields have declined.
Olayemi Cardoso, has said the Bank is beginning to see signs of progress in stabilising the foreign exchange (FX) market and curbing inflation, as recent policy reforms start to yield results.
LivingTrust Mortgage Bank Plc has secured the approval of the Central Bank of Nigeria (CBN) to appoint eight...
Nigeria’s total debt service payments dropped significantly from $540 million in January 2025 to $276 million in February...
Economist Dr. Augustine Kutu has advised the Central Bank of Nigeria (CBN) and policymakers to address the concerns...
The Federal High Court in Abuja has struck out a N374 billion agricultural loan suit against Keystone Bank by the Ginger Growers, Processors, and Marketers Association of Nigeria (GGPMAN).
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has estimated that Nigeria's creative industry holds...
The Central Bank of Nigeria (CBN) conducted an Open Market Operations (OMO) auction on March 6, 2025, attracting...
The Central Bank of Nigeria (CBN) has urged the Federal High Court in Abuja to dismiss a forfeiture case brought by the Economic and Financial Crimes Commission (EFCC) against a N2.7 billion property (located at Plot 781, Cadastral Zone 001, Karmo District) used as collateral to secure a loan from the apex bank through the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL).