CBN drops stop rate on one-year Treasury Bills to 21.889% in latest August auction
The Central Bank of Nigeria (CBN) has adjusted the stop rate on one-year Treasury Bills (T-Bills) to 21.889% in its ...
Tag: CBN
Nigeria records 55% increase in net FX flows to $25.4 billion in first six months of 2024
The Central Bank of Nigeria (CBN) has said that the results of its policy measures are becoming evident, with net ...
CBN sells $876.26 million at N1,495/$1 to 26 banks in latest Retail Dutch Auction
The Central Bank of Nigeria (CBN) has sold $876.26 million at N1,495/$1 to 26 qualified banks in its latest Retail ...
FG to grant tax breaks to companies employing more staff – Wale Edun
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has stated that the federal government is ...
CBN approves Providus Bank, Unity Bank merger
We are pleased to announce that the Central Bank of Nigeria has approved the framework for the merger between Providus ...
CBN approves bailout for Unity Bank -Providus Bank merger
The Central Bank of Nigeria (CBN) has granted approval for financial accommodation to support the proposed merger between Unity Bank ...
Forex turnover drops to lowest since January as naira settles above N1,600/$1
The forex turnover on the FMDQ, where the exchange rate trades officially, closed at a turnover of just $61.9 million, ...
Nigeria’s oil and gas sector holds 28% of bank credit in Q1 2024
The total banking sector credit to the Nigerian economy more than doubled year-on-year rising to about N53 trillion at the ...
Central Bank to reintroduce auctions (rDas) to address forex shortage
The Central Bank of Nigeria (CBN) has unveiled plans to implement a Retail Dutch Auction System (DAS) to address the ...
Nigeria’s exchange rate depreciates by 6.43% in July despite CBN’s FX sales
Nigeria’s exchange rate closed July 2024 at N1608.73/$1, marking a 6.43% depreciation on the official market for the month.
