CBN - Central Bank Of Nigeria
Naira to dollar appreciates as CBN commences new deal with currency traders
According to the data obtained from FMDQ, the value of the Nigerian naira increased against the US dollar on Tuesday, August 6, closing at N1,601/$.
Concerns as investors abandon banking stocks amid Tinubu’s reforms
Following the CBN's instruction for the country's banks to improve the market capitalization of banking equities listed on the NGX dropped by over N1.62 trillion.
CBN approves merger of two Nigerian banks, offers financial support
The Central Bank of Nigeria has approved the merger of two Nigerian commercial banks, Providus Bank and Unity Bank, amid ongoing recapitalization efforts.
Access, Zenith Bank, UBA, other banks set targets for workers as CBN issues new capital requirements
Commercial banks in Nigeria have set new targets for the employees ahead of the new capital base requirements set by the Central Bank of Nigeria (CBN).
Expert predicts bitcoin will hit $150k as crypto traders lose $900 million in 24 hours
Coinglass data has indicated that there has been a notable decline in the cryptocurrency market recording loss of about $900 million in a single day.
5 Nigerian banks earn N67 billion in FX, FG to swoop on windfall as directors oppose bank owners
FCMB group, Ecobank Transnational Incorporated, Wema Bank, Sterling Financial Holding Company, and Jaiz Bank have emerged as top forex earners in 2024.
Forex inflow in FMDQ declines by 16.5% in one week as naira gains
Foreign exchange inflows into the official market declined by 16.5%, according to data obtained from the FMDQ Exchange, where the dollar is traded officially.
CBN adjusts new exchange rates as naira appreciates by 0.6% against US dollar in official market
The naira recovered some of its loss value against the United States dollar in the Nigerian Autonomous Foreign Exchange Market but fell against the pound, euro.
Another Nigerian bank sets to begin operations, CEO speaks on plans, confirms launch date
There is new competition for OPay, Kuda, Moniepoint, and other traditional banks as the Central Bank of Nigeria approves the license of another bank.
CBN - Central Bank Of Nigeria
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