Five tier 1 banks lose N58 billion two days after CBN interest rate hike
As the build-up to 2023 elections intensifies, volatility in the economy is taking a toll on stocks.
Tag: Central Bank of Nigeria
News and analysis about Central Bank of Nigeria
ChamsSwitch processes transactions worth over N200 billion annually—CEO Emmanuel Ojo
ChamsSwitch has been at the forefront of e-payment growth in Nigeria, with a variety of services such as card processing, ...
Bank customers to earn more as CBN increases interest on savings deposits to 4.65%
An increase in the interest rate on a savings deposit is typically expected to increase savings and serve as a ...
eNaira total downloads hit 905,588
The apex bank recently introduced the Unstructured Supplementary Service Data (USSD) code for its eNaira. That means Nigerians without internet-enabled ...
What Nigerians are saying about CBN interest rate hike
Apart from reining in inflation, the development is expected to increase the cost of credit
Expect further sell down of equities as CBN hikes interest rate-Operators
Market operators say the decision of the Central Bank of Nigeria to increase the interest rate by 15.5% would further ...
CBN considers using GSI to recover Anchor Borrowers’ Programme loans from defaulters
The Central Bank of Nigeria (CBN) has warned that it may use the Global Standing Instruction (GSI) against Anchor Borrower ...
Access Holdings receives CBN’s approval for its payment service subsidiary, Hydrogen
Access Holdings Plc has received a regulatory nod from the Central Bank of Nigeria on its wholly owned payment subsidiary, ...
CBN says RT200 FX has improved Nigeria’s export remittances
The introduction of the “Race to $200 billion in FX Repatriation” (RT200 FX) by the CBN has spurred significant improvement ...
Here are 5 cheap CBN loans you can access
The Central Bank of Nigeria has a series of low-interest loans aimed at spurring economic growth in Nigeria.
