Tag
CBN
In 2023, Nigeria's banking sector witnessed a substantial increase in lending activities amid interest rate hikes, reflecting both the resilience of the economy and strategic efforts to support various sectors amid evolving challenges.
The National Council on Privatisation (NCP) on Wednesday, announced it is considering merging the Bank of Agriculture with the Central Bank of Nigeria’s NIRSAL Microfinance Ltd.
Checks by Nairametrics show that only a few of the over 260 digital lenders operating in Nigeria are licensed by the Central Bank of Nigeria (CBN).
The Central Bank of Nigeria (CBN) conducted a successful Treasury Bills (T-Bills) auction on April 24, 2024, where about N362.45 billion was raised across various maturities. This outcome demonstrates the market's appetite for government securities.
Point-of-Sale (POS) transaction values witnessed a downturn in Nigeria for the first quarter of 2024, registering a N225.73 billion drop when compared to the corresponding quarter of the previous year.
The Central Bank of Nigeria (CBN) has issued another circular to Bureau De Change operators (BDCs), informing them of the direct sales of US dollars to BDCs at a discounted rate of N1,021 per dollar.
The Federal High Court Abuja has been asked to stay execution of its judgement refusing to stop CBN governor from recognizing Honorable Shaban Ohinoyi's leadership.
The exchange rate for customs duties clearance has been changed for the second time in less four days.
The Federal High Court has refused to restrain CBN from recognizing ALGON leadership
This is the weakest it has been since April 8, when the official rate closed at N1,230.61/$1, suggesting downward pressure ahead of the weekend.
The SEC is partnering with the Central Bank of Nigeria (CBN) and other relevant agencies to ensure a smooth process.
The federal government is looking towards a reduced interest rate to attract investments and grow the economy according to the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun.