UPDATE: Fitch downgrades Nigeria’s IDR to “B”, says CBN’s remedial policy not enough

CBN reduces over-the-counter withdrawals to N100k, N500k per week for individuals, companies

A new report by Fitch has downgraded Nigeria's Long-Term Foreign-Currency Issuer Default Rating (IDR) to a 'B' rating.

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

CBN reverses suspension order on dispute management operations, interswitch reacts

April 6, 2020

Interswitch Group has denied being directed by the Central Bank of Nigeria (CBN) to suspend all dispute management operations.

CBN health intervention fund gets new interest rate by March 2012, Nigerian banks’ non-performing loans drop significantly by 41% in 2019, External reserves decline by over 8% in 3 months, Nigeria’s external reserves increase by $1.36 billion in 13 days

External reserves decline by over 8%, despite lower FX demand

by Chike Olisah

April 3, 2020

Nigeria’s external reserves have continued to decline unabated as it shed $3.33 billion within the last 3 months.

CBN approves suspension of refunds for failed Visa and Verve card transactions

CBN temporarily suspends settlement of failed Visa and Verve card transactions

by Fakoyejo Olalekan

April 3, 2020

The Central Bank of Nigeria (CBN) has directed Interswitch to suspend refund activities for failed Visa and Verve card transactions, pending the ...

Top 10 Nigerian banks by Account Maintenance Income

Nigerian banks face gloomy future over low oil prices, coronavirus

by Chike Olisah

April 2, 2020

The crash in crude oil prices globally and the coronavirus pandemic appear to have negative effects on the Nigerian banking ...

Forex: Parallel market weakest since 2017

Forex: Parallel market records lowest value since 2017

by Chike Olisah

April 2, 2020

Naira has depreciated to its weakest level since February 2017 at the parallel market, which is also known as the ...

No let-off as Naira depreciates further in FX market

by Chike Olisah

March 31, 2020

There appears to be no let-off for Nigerian local currency, Naira as the mounting pressure on it continues unabated.

FBN Holdings Plc, First Bank, FirstBank ‘VYBES’ Nigerians all through December, First Bank donates additional N1 billion to facilitate fight against COVID-19, FBNH: Growth in Non-Interest Income, reduced Impairment Charge support profit growth

First Bank donates additional N1 billion to facilitate fight against COVID-19

by Emmanuel Abara Benson

March 31, 2020

First Bank announced yesterday that it had donated the sum of N1 billion to facilitate the fight against the Coronavirus ...

CBN injects $218.41 million in SMIS, Coronavirus: CBN advises Nigerians to go cashless ahead of April 1 set date, Financial sector to offer skeletal services despite restrictions, COVID-19: CBN warns of cybercriminals, outlines the methods they use

Financial services sector to offer skeletal services despite restrictions

by Chike Olisah

March 30, 2020

The Federal Government has exempted the banking and financial services sector to offer some skeletal services during the curfew period.

External reserves to fall below $30 billion, more forex restrictions expected

by Chike Olisah

March 30, 2020

Analysts have predicted the foreign reserves to fall below $30 billion if some measures are not taken.

Tag: Central Bank of Nigeria