October 10, 2022
Nigeria: Don't Borrow From Us to Fund Forex, Auctions, CBN Warns Banks, Others
The Central Bank of Nigeria (CBN) has warned commercial banks as well as authorised dealers to desist from accessing its discount windows to fund foreign exchange as well as… Read more »
September 27, 2022
Nigeria: Experts Project Rates Hike As CBN Holds MPC Meeting
As the Central Bank of Nigeria (CBN) holds its Monetary Policy Committee (MPC) announces its policy decisions today, some stakeholders project a hike in policy rates. Read more »
August 30, 2022
Nigeria: Banks' Equity Returns, Loans to Rise 23%, 16.5% in 2022 - Report
Despite the harsh operating environment and high running costs in an election year, commercial banks in Nigeria are projected to grow their pre-tax return on equity by 23 per cent… Read more »
August 23, 2022
Nigeria: Stakeholders Lament CBN's Interest Rate Reversal On Intervention Loans
The Central Bank of Nigeria's (CBN) decision to revert interest rate on its Covid-19 intervention facilities has drawn the ire of stakeholders as well as experts, whose thoughts… Read more »
August 19, 2022
Nigeria: CBN Announces USSD Code for eNaira Transactions, As Subscription Hits 840,000
The Central Bank of Nigeria (CBN) has unveiled a new short code for subscribers of its digital currency, eNaira to make financial transactions on the platform. The aim is to… Read more »
August 18, 2022
Nigeria: Inflation - CBN Returns Interest On Intervention Programmes to 9 Percent
The Central Bank of Nigeria (CBN) has returned the interest rate on all its interventions back to nine per cent - from five per cent a circular that was released by the apex bank… Read more »
August 09, 2022
Nigeria: Firstbank Reopens Abuja Headquarters
First Bank Limited has reopened its headquarters (Coomassie House) located at the Central Business District, Abuja. Read more »
June 19, 2022
Nigeria: Central Bank Charges Banks to Cut Charges to Attract Millennials, Gen-Z
To attract millennials and Gen-Z, who form the larger part of the country's population, into the financial sector, the Central Bank of Nigeria (CBN) urged banks to reduce bank… Read more »
May 30, 2022
Nigeria: CBN Intervention Funds Boost Non-Oil Export Earnings
Meanwhile, the director, Banking Supervision department of the CBN, Mr. Mustapha Haruna, noted that, the intervention funds of the apex bank are targeted at critical sectors that… Read more »
May 22, 2022
Nigeria: Nidcom Partners AfDB to Boost Diaspora Investment
The Nigerians in Diaspora Commission (NiDCOM) and the Africa Development Bank (AfDB) have agreed to partner to boost Diaspora development in Africa, including collaboration on the… Read more »