rDAS: CBN Approves Sale of $876.26m to 26 Banks at N1495/$
The Central Bank of Nigeria (CBN) yesterday confirmed that it sold Foreign Exchange (FX) to end users through a Retail…
Tag: CBN
Central Bank Approves Providus Banks’ Takeover of Unity Bank
The Central Bank of Nigeria (CBN) yesterday announced it had granted approval for a pivotal financial takeover of Unity Bank…
CBN Moves to Tackle Growing Forex Demand with Retail Dutch Auction System
*Cardoso: Financial policy, cross border movement, others key to AfCFTA success In a bid to address the growing unmet foreign…
CBN Sells $148m to Authorised Dealers
Central Bank of Nigeria (CBN) yesterday, disclosed that it sold a total of $148 million to Authorised Dealers Banks (ADBs)…
MAN, LCCI Lament Continuous Hike in Monetary Policy Rate by CBN
The Manufacturers Association of Nigeria (MAN) and the Lagos Chamber of Commerce and Industry (LCCI) yesterday expressed concern over the…
CBN announce increment in interest rate
The governor of Central Bank of Nigeria, Olayemi Cardoso has announced increment in interest rate to 26.75% from 26.25 per…
Nigeria’s Economy Will Recover Soon, NNPCL, CBN, Minister Assure Nigerians
The main drivers of Nigeria’s economy met with the Finance Committee of the National Assembly yesterday and declared that the…
Cardoso: Non-Bank Financial Institutions Key to Regional Integration, Economic Stability
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday, said Non-Bank Financial Institutions (NBFIs) of the West…
To Resolve FX Liquidity Pressures, CBN Orders Banks, IMTOs to Settle Diaspora Remittances in Naira
The Central Bank of Nigeria (CBN) yesterday directed Deposit Money Banks (DMBs) and International Money Transfer Operators (IMTOS) to pay…
Liquidity Pressure: Banks Borrow N3.76tn from CBN in Three Weeks
Following monetary rates tightening by the Central Bank of Nigeria (CBN), which has led to illiquidity in the banking system,…