IMF Loan to Nigeria Explained

Kristalina Georgieva, IMF boss hints at 'synchronized slowdown' in global growth , IMF: 40% of African countries can't pay back their debts , Nigeria worse off, posts grows lower than LIDC benchmark - IMF, Measures introduced by Nigeria to ensure transparent use of the $3.4b IMF loan

Based on the terms of the Rapid Financing Instrument, Nigeria is expected to pay back the loan between within 3¼ ...

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

IMF reveals CBN is ‘taking steps’ to float the Naira

by Research Team

April 28, 2020

Nigeria may need more than $3.4 billion from the IMF and bond buyers making it inevitable that the currency will ...

COVID-19 could save naira from depreciating further, Many odds against the naira, Naira forwards and parallel market crash puts pressure on official exchange rate, Naira appreciates to N386.94 to $1 at investor and exporters window. , Naira set for recovery as ABCON issues guideline to members for forex sales resumption, Naira falls against the Euro, British pound sterling but gains against the U.S dollar, Naira falls at black market, dollar liquidity remains relatively low , Forex, Naira drops further at the black market despite appreciating at I&E window

Naira drops to N460/$1 in parallel market, puts pressure on official exchange rate

by Chike Olisah

April 28, 2020

The consistent slide of the naira in the parallel market is a pointer to the fact that CBN may further ...

Nigeria seeks bank documents of former President, others over $9.6 billion P&ID case

by Chike Olisah

April 28, 2020

The Federal Government is requesting documents from ten banks, in a bid to get information that will help overturn a ...

Quick Take on Fidelity Bank’s Q1 2020 Earnings Report

by CSL Stockbrokers

April 28, 2020

Fidelity Bank Plc felt the impact of the downward adjustment in fees on banking transactions by Nigeria's apex bank, as ...

Naira’s true worth,Naira gains on the dollar for the first time since March, Naira forwards hit record high as it crashes to N420/dollar in the parallel market, Naira hits N500 to $1 at the forward market, Naira hits N509 to the dollar at forwards market, demand for the U.S dollar climbs up, Naira hits $387.35 to $1 at currency spot market , Naira sells at N456, Nigeria’s Foreign Reserves drop by over $3 billion in Q1 2020, Investors and Exporters (I&E) window, Naira gains against the dollar, CBN close in on currency speculators

Naira hits N509 to $1 at forwards market, as demand for the U.S dollar climbs up

by Olumide Adesina

April 28, 2020

Nigeria's currency continued to depreciate at the forward market, as worries strengthened that the CBN might have to devalue the naira again.

Tokunbo-Abiru Group Managing Director, Polaris Bank Limited

Polaris Bank: Back from the dead

by Nairametrics

April 28, 2020

The bank reported a profit after tax of N28.5 billion for the year well ahead of tier 2 banks like ...

Finding Balance: GTB’s impeccable gains versus its notable losses, GTB donates medical facility for COVID-19, GTBank, others have begun fulfilling pledges towards fight against Covid-19 (coronavirus), COVID-19: GTBank suspends loan repayment for small businesses, GTBank Releases Q1 2020 Unaudited Results…….. Reports Profit Before Tax of ₦58.2Billion

Analysis: GTB is minting profits but CBN is squeezing its cash

by Blurb Team @Nairametrics

April 28, 2020

With all its strides in profitability, foreign exchange gains, and even an increase of well over a billion in its ...

How Cryptocurrency-Based Companies Like Patricia are Shaping the Digital Currency Market in Nigeria,Bears extend reign to crypto market, drops by about 50%, Answering the big Bitcoin question - buy, sell or hold?, Why cryptocurrencies are falling lately, Nigerians passion for bitcoin, Bulls push Bitcoin pass $7200 level, Bitcoin breaks past $7500 for the first time since early March, Nigerians Beware Of Bitcoin Fraudsters

Dear Nigerians, beware of Bitcoin fraudsters

by Olumide Adesina

April 28, 2020

The fraudsters use both old and new tactics to defraud their targets in schemes based on Bitcoins exchanged through online ...

STANBIC IBTC: Valuation still attractive despite weak earnings outlook; BUY rating maintained

STANBIC: Sturdy growth in Non-Interest Income keeps earnings afloat

by CSL Stockbrokers

April 28, 2020

Interest Expense, on the other hand, declined 18% y/y to N8.9bn despite the 13% YTD growth in Customers Deposits

Tag: Nigerian Business News