Naira shows stability in official market, within Fitch Ratings projection
The naira traded in the N1500 range against the greenback at the parallel market, while the U.S. dollar index rallied ...
Tag: CBN
FG’s interest spending on debt to gulp 36% of revenue in 2024 – Moody’s
Global ratings agency, Moody’s has stated that Nigeria’s interest spending on debt might consume up to 36% of the federal government’s ...
“Why I support higher interest rates in Nigeria” – Cardoso
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has emphasized the necessity of maintaining higher interest rates ...
SEC unveils 2024 framework for banking sector capitalisation programme
The Securities and Exchange Commission (SEC) has published its comprehensive framework for the 2024 banking sector capitalisation programme.
Nigeria’s FX reserves hit a three-month high as exchange rate achieves stability
Nigeria's foreign exchange (FX) reserves have surged to their highest level since March 28, 2024, marking a significant financial milestone ...
Recapitalization: Rights Issue will shield banks from hostile takeovers – Onukwe
Mr. Sam Onukwue is the Chairman of the Association of Securities Dealing Houses of Nigeria (ASHON) and a Fellow of ...
Nigeria was spending $1.5 billion monthly to defend the Naira before Tinubu’s FX reforms – Presidency
The special adviser to the President on Information and Strategy, Bayo Onanuga, said Nigeria was spending a whooping sum of ...
A failed attempt to trigger a run on banks
Fidelity Bank's 2023 Profit Before Tax grew by 131.5%, driven by robust earnings and strategic growth initiatives, ensuring strong shareholder ...
Wema Bank concludes 1st tranche of capital raise programme
Wema Bank ALAT has successfully concluded the first tranche of its recapitalisation exercise having secured all relevant regulatory approvals for ...
Monetary policy tightening by CBN may not control Nigeria’s inflation – World Bank
The World Bank has stated that monetary policy tightening by the Central Bank of Nigeria (CBN) may not rein in ...
