CBN - Central Bank Of Nigeria
Analysts predict new naira rate against dollar, speak on growth projection
Analysts predict that following the CBN recent infusion of FX sales to BDCs, the value of the naira will stabilize at roughly N1,500 in the second half of the year.
No more N2,050/£: Naira weakens, British Pound strengthens as local currency struggles amid pressure
According to CBN data, as of August 31, 2024, the local currency closed at N2,105/£ compared to the starting amount of N2,050/£ at the beginning of the month.
CBN data shows amount used for debt servicing in 2024 as debt profile hits N121 trillion
The Central Bank of Nigeria (CBN) has unveiled its data on international payments, bordering on debt servicing in the first seven months of 2024.
CBN sacks more directors as NDIC moves to liquidate other banks after Heritage Bank
The Central Bank of Nigeria (CBN) has disengaged more directors at the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL).
Windfall tax: Policy is a Win-Win for Social Good, Bismark Rewane says
Nigerian economic expert Bismarck Rewane has described the Nigerian government's proposed windfall tax as a win-win for the government and the people
NDIC to liquidate more banks, lists names, locations as Heritage Bank customers get payment
The Nigeria Deposit Insurance Corporation (NDIC) is seeking a court order to liquidate about 87 microfinance banks and mortgage banks across the country.
CBN releases data of currency outside banks as naira gains against dollar
The Central Bank of Nigeria has said that currency outside the banking system declined to N3.66 trillion in July, showing growing confidence in the banks.
Billionaire Tony Elumelu explains why he stepped down as CEO of UBA
Tony Elumelu said the CBN policy which restricts bank CEO terms to ten years, was a driving force behind the establishment and expansion of Heirs Holdings Group.
Naira recovers after crossing the N1,600 mark in official and black Markets
The naira recovered in the official and parallel markets on Thursday, August 29, 2024, trading at N1,593 and N1,615 per dollar respectively, calming the markets.
CBN - Central Bank Of Nigeria
Load more