AFC Appoints CBN Governor, Yemi Cardoso Board Chairman
The Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, yesterday announced the appointment of the Governor of the…
Category: Finance
CBN Crashes Interest Rate by 350bps to 23%, Market Expects Cheaper Credit
Central Bank of Nigeria (CBN) yesterday slashed the Monetary Policy Rate (MPR), the benchmark interest rate, by 350 basis points…
AG Mortgage Bank’s N3.97bn Commercial Paper Records 100% Subscription
AG Mortgage Bank Plc has raised N3.97 billion through its Series 2 and 3 Commercial Paper (CP) issuance as the offer…
In New Policy Tweak, CBN Removes Discount Window Restrictions on FX, Government Securities Transactions
Central Bank of Nigeria (CBN), yesterday, announced the removal of restrictions preventing financial institutions that accessed its Standing Lending Facility…
Cardoso: Nigeria’s Net Foreign Reserves Has Surpassed $40bn
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday disclosed that Nigeria’s net foreign reserves have…
In New Regulatory Masterstroke, CBN Orders Banks, Fintechs to Disclose Beneficial Owners, Localise Payments Data by 2027
Central Bank of Nigeria (CBN) has ordered banks, fintechs, and other payment service providers to disclose their ultimate beneficial owners,…
Cardoso Launches Nigeria Overnight Financing Rate to Boost Confidence, Price Discovery, Market Stability
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday launched the Nigeria Overnight Financing Rate (NOFR) to…
IMF: Nigeria’s Debt Level Sustainable, But Paying 50% of Tax Revenue on Interest Concerning
International Monetary Fund (IMF) yesterday stated that although Nigeria’s debt remained sustainable and the country faced no high risk of…
CBN Moves to Isolate Risks Across Banks, Fintechs, Financial Groups
The Central Bank of Nigeria (CBN) has unveiled sweeping proposals aimed at isolating risks across banks, fintechs and other closely…
External Reserves Hit 17-year High of $50.12bn, Grow 30.9% YoY
Nigeria’s external reserves have risen to $50.12 billion, marking their highest level in more than 17 years and highlighting a…