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CBN
The CBN leveraged higher interest rates to attract a strong turnout from investors, effectively utilizing OMO bills to absorb excess liquidity from the financial system.
The Nigeria Customs Service (NCS) has recorded a decline of 15,999 (about 5%) in the volume of Single Goods Declarations (SGDs) for imports in the first quarter of 2024.
The Nigeria Customs Service revealed that the service encountered major challenges with the fluctuations of the CBN exchange rate regime for import duty, which it says has disrupted its activities.
The current exchange rate for customs import duties and cargo clearance payment is higher than the official foreign exchange market rate of the Naira and the USD.
The Federal Government through the Debt Management Office has opened offers for the April 2024 Savings Bond, with rates reaching as high as 18.046% per annum.
The Central Bank of Nigeria’s (CBN) aggressive stance on the naira defence is projected to lead to an...
Credit ratings agency, Agusto and Co have projected that up to N4 trillion of inflow is expected by banks to meet the Central Bank’s new capital requirements if the apex bank could resist pressure to include retained earnings or shareholders’ fund when calculating banks’ new capital.
The naira defied the strong dollar despite positive macros from the world's largest economy's manufacturing data report that it grew in March for the first time since September 2022.
CBN’s timeline for banks’ recapitlisation will ensure minimum disruptions in financial system – CPPE
It is necessary to allow for inclusion and reduce the risk of dominance of the banking space by a few big banks
The federal government's subsidy reforms, rather than the expansion of money supply, are a major driver behind the persistent core inflation in Nigeria.
The announcement of N500bn capital requirement for banks with international authorization, N200bn for National banks, and N50bn each for regional and merchant banks, no–less left a rather dry patch on many banker’s throats
The Association of Bureau De Change Operators of Nigeria (ABCON) has said that the recall of Bureau De Change operators (BDCs) into the mainstream forex market is a major factor in the current stability being experienced with the exchange rate.