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CBN
CBN has filed a preliminary objection against a legal action instituted by Kasmal International Services which sought a court order barring it from disbursing all accrued deposits paid into the CBN NIPOST stamp duty collection account by all commercial banks.
The level of inflation in the country for the month of March 2024 and experts interviewed by Nairametrics have predicted higher rates compared to the previous month.
The naira strengthened against major currencies on Monday the greenback saw an increased safe-haven demand, in the wake of an Iranian strike on Israel, putting it at more than five-month highs.
Same Bukayo Saka but different valuation, So which is the actual value of Saka? Is €100m overvalued, or is €10m undervalued?
The CBN conducted another auction of Treasury bills (NT-bills) on April 12, 2024, with the yield on the 364-day bills dropping to 20.7%, from the previous 21.124%.
The Board of Zenith Bank Plc will request shareholder approval during its forthcoming Annual General Meeting to establish a capital raising programne.
Monday Osazuwa, a staff member at the Central Bank of Nigeria (CBN), testified at the Ikeja Special Offences Court on Friday, stating that on various occasions, former governor Godwin Emefiele ordered him to retrieve $3 million in cash in different tranches.
Nigeria’s naira stands poised to continue its upward trajectory, building upon its status as the best-performing currency globally this month, according to a Goldman Sachs Group Inc.
A high court in Ikeja, Lagos, has granted a N50 million bail to the former Central Bank of Nigeria (CBN), Godwin Emefiele, on Friday, April 12, 2024.
The naira held onto its bullish momentum despite the greenback's most recent aggressive gains this week, as concerns about persistent inflation remained unabated, despite weaker-than-expected March U.S. producer prices.
The recent dollar sales to BDCs below market rate at N1,101/$1 was the third attempt after a long period of suspension by the central bank in 2021.
Global ratings agency, Fitch Ratings has stated that the Mergers and Acquisitions (M&As) that would accompany the bank recapitalisation exercise could lead to a more concentrated banking sector with greater barriers of entry and stronger long-term profitability.