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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
At the end of the auction, one-year treasury bills sold for 9.75% per annum.
The Nigerian technology ecosystem is at its nascent stage, and beyond money, there is the need to ensure an enabling environment for operators.
The CBN has given assurances to exporters that they will continue to have unfettered access to their export proceeds.
The turnaround time could help to reduce delivery time for goods destined for exports and enable businesses to expand their output.
The CBN cautioned forex dealers to desist from defacing or stamping dollar banknotes as such notes always failed authentication tests during sorting.
National Association of Telecoms Subscribers of Nigeria has lamented the service charge of N6.98.
Non-banks may have to look for alternative ways to carry out identity verification for their users, following new CBN regulation.
This was disclosed by the apex bank, as it published the three court orders on its website.
The CBN has been clamping down on businesses and individuals with suspicious bank transactions.
What even the untrained eye can see is that a “weaker” Naira is good for the FGN as it allows her to close her budget deficits by earning more Naira.
The Non-Performing Loans (NPL) ratio of commercial banks in Nigeria jumped to 6.3% for the month of February...
Although the GDP Q4 2020 showed the economy has slipped out of the recession, the unemployment rate shows the country is still in the woods.