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CBN
The Central Bank of Nigeria's (CBN) latest Purchasing Managers' Index (PMI) report for July 2024 reveals that the Composite Employment Index continued its downward trend for the seventh consecutive month, reflecting ongoing challenges in the labour market.
The Central Bank of Nigeria's (CBN) Purchasing Managers' Index (PMI) report for July indicates a continued contraction in economic activities, marking the 13th consecutive month of decline since June 2023.
Murtala Sabo Sagagi, a member of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has expressed concerns that the proposed increase in the Federal Government of Nigeria's Ways and Means limit from 5% to 10% could lead to a significant surge in excess liquidity within the Nigerian economy.
The Central Bank of Nigeria (CBN) has announced the reintroduction of periodic reports on key economic indicators as part of its efforts to enhance transparency in the country’s economic direction.
The Central Bank of Nigeria has incurred an estimated N1.55 trillion in interest payments for the 12 successful Treasury Bills (T-Bills) auctions conduced in the first six months of 2024.
The Central Bank of Nigeria (CBN) and FBN Holdings Plc have asked a Federal High Court in Lagos to dismiss a lawsuit brought by investment firm Barbican Capital Ltd.
The Central Bank of Nigeria (CBN) conducted a Retail Dutch Auction on August 6, 2024, where nine companies purchased a combined total of $25.76 million to meet their loan repayment obligations.
The Nigeria Deposit Insurance Corporation (NDIC) has successfully paid 82.36% of the total insured deposits to customers of the now-defunct Heritage Bank, following the revocation of the bank's license by the Central Bank of Nigeria (CBN) on June 3, 2024.
Given the recent policy shifts affecting the Nigerian banking sector, including the Central Bank of Nigeria's (CBN) revised capital requirements and the windfall taxes, it's understandable that both local and foreign investors might harbor concerns about the sector's stability.
The Central Bank of Nigeria (CBN) recently conducted a Retail Dutch Auction System (rDAS) on August 6, 2024, in an effort to mitigate the rising demand pressures in the foreign exchange (FX) market and to promote price discovery.
Six prominent banks, including United Bank for Africa (UBA), Wema Bank, and Stanbic IBTC, were disqualified from participating in a recent retail Dutch Auction conducted by the Central Bank of Nigeria (CBN).
The Central Bank of Nigeria (CBN) has issued a clarification on the requirements for divestments and repatriation of foreign investments related to the Certificate of Capital Importation (CCI).