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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
The acting DG of SEC, Mary Uduk, has reacted to the handling of the sovereign yields by CBN and the impact it had on the equities market.
S&P Global Ratings agency has downgraded Nigeria from stable outlook to negative.
The Dangote Refinery would lead to the employment of over 70,000 Nigerians when it finally starts operation.
Two new gold refineries have been licensed by the Federal Government of Nigeria to begin producing the special metal for export.
Nigerian banks did well to keep costs low in 2019, according to information gleaned from some of their financial statements that have been released.
The sum of $20 million funds has been approved by the Federal Government for young innovators and SMEs in the technology sector.
Circumstances could require that a bank is changed to get the type of services you need, especially if your bank doesn’t evolve as fast as you do.
Based on CBN's report, Prime Lending Rate and the Maximum Lending Rate declined 0.3ppts and 1.2ppts respectively to 15.0% and 30.0% respectively in Q4 2019.
The CBN cleared the air on the order it gave to DMBs on transactions carried out through domiciliary accounts in the country.
In exchange rate, when Nigeria sells oil, she is paid in dollars, but when Nigeria imports, she spends those dollars also.
The MD/CEO of NIRSAL disclosed that the institution had provided insurance cover worth N6.5 billion to protect farmers in the country.
The Central Bank of Nigeria (CBN) has restricted the process of cash withdrawal of electronic transfer deposits made into domiciliary accounts