CBN says 22 banks to restructure over 35,000 loans due to COVID-19
This is seen as part of measures by the apex bank to curb the rise in non-performing loans.
Tag: CBN
Nigerian’s should expect “a significant devaluation” to N550/$1 – Goldman Sachs
Goldman Sachs believes Nigeria will devalue past N500 between 12-18 months.
Fitch forecasts that banks’ earnings will be hit hard by CBN’s CRR policy, others
The CRR debits on Nigerian banks have exceeded the N2 trillion mark in 2020 alone.
Sterling Bank reveals N215 billion sequestered by CBN as CRR Debits
Sterling Bank Plc, one of Nigeria's tier 2 banks reported that the Central Bank of Nigeria's CBN restricted about N215.5 ...
Covid-19: Timeline of every pronouncement made by Nigeria to support the economy
Timeline of every action announced since the outbreak hit Nigeria.
Exchange rate stabilizes at the black market as dollar supply hits record low
The Naira remained stable against the dollar to close at N475/$1at the black market.
FX utilization fell to its worst on record in April
Forex Utilization in Nigeria fell by a whopping 80% in April as the economic shuttered in reaction to the covid-19 ...
Implications of CBN’s latest devaluation and FX unification
This move portends significant implications for Nigeria's public and private sector.
Exchange Rate Unification: CBN devalues official rate to N380/$1
The CBN has devalued the official exchange rate for the second time this year.
Exchange rate gains big at NAFEX as forex turnover pops 916%
Forex turnover at the Investor and Exporters  window recorded a massive increase on Thursday
