CBN temporarily suspends settlement of failed Visa and Verve card transactions
The Central Bank of Nigeria (CBN) has directed Interswitch to suspend refund activities for failed Visa and Verve card transactions, pending the ...
Tag: Central Bank of Nigeria
News and analysis about Central Bank of Nigeria
Nigerian banks face gloomy future over low oil prices, coronavirus
The crash in crude oil prices globally and the coronavirus pandemic appear to have negative effects on the Nigerian banking ...
Forex: Parallel market records lowest value since 2017
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
There appears to be no let-off for Nigerian local currency, Naira as the mounting pressure on it continues unabated.
First Bank donates additional N1 billion to facilitate fight against COVID-19
First Bank announced yesterday that it had donated the sum of N1 billion to facilitate the fight against the Coronavirus ...
Financial services sector to offer skeletal services despite restrictions
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
Analysts have predicted the foreign reserves to fall below $30 billion if some measures are not taken.
What Warren Buffet will do if he traded Nigerian stocks
Warren Buffett bought $5 billion investment in the Bank of America which expanded to $12 billion in 2017, gaining a whopping ...
Fitch rates 3 Nigerian banks lower to ‘B’, places others on negative watch
Fitch Ratings has downgraded the three-highest rated banks in Nigeria - Zenith, GTB and UBA to Long-Term Issuer Default Rating ...
CBN health intervention fund gets new interest rate by March 2021
The CBN said that interest rate on its health intervention facility shall revert back to 9% p.a. (all-inclusive) as from ...
