Central Bank of Nigeria
22 Oct
Keystone Bank Limited has reiterated its financial stability, dispelling rumours of any plan by the Central Bank of Nigeria (CBN) to revoke its licence. In a statement released on Tuesday, the bank's Managing Director and Chief Executive Officer, Hassan Imam, assured customers and stakeholders that the institution remains strong, healthy, and resilient, and that the…
22 Oct
Despite the tightening stance of the Central Bank of Nigeria (CBN), Nigerian banks and discount houses borrowed ₦29.017 trillion through the Standing Lending Facility in the third quarter of 2024.
18 Oct
The country’s statutory revenue inflows dropped by N177.426 billion in September from N1.221 trillion received in the month of August 2024 to N1.043 trillion.
25 Sep 2024
Despite inflation receding for two consecutive months, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) yesterday raised Monetary Policy Rate (MPR) by 50 basis points from 26.75 per cent it was to 27.25 per cent.
2 Sep 2024
Civil Society Legislative Advocacy Centre (CISLAC) has condemned alleged extravagant spending by the leadership of the Central Bank of Nigeria (CBN), as Nigeria struggles with hunger, hardship and rising inflation.
27 Aug 2024
The Manufacturers Association of Nigeria (MAN) has listed existing conditions hampering the growth of local manufacturers, heaping most
23 Aug 2024
Nigeria’s public finances have taken a downward slide as the Federal Government’s fiscal deficit rose by 0.1 per cent to N824.79 billion in April, from N823.91 billion recorded in March.
19 Aug 2024
This writer is one of the professional bankers who opposed the practice of appointing Central Bank of Nigeria (CBN) governors from commercial banks. Since the era of Paul Ogwuma, who was Managing Director of Union Bank as Governor of CBN, the trend has continued.
14 Aug 2024
The Central Bank of Nigeria (CBN) said it is back with the publication of several key economic reports to make relevant information available to the stakeholders in the financial sector.
9 Aug 2024
The Central Bank of Nigeria (CBN) has said the Foreign Exchange Manual, Memorandum 20 section 2 (vi) applies to both divestments and repatriation of all Certificate of Capital Importation (CCI) related transactions. This was contained in a circular, addressed to all authorised dealers and the general public by the Acting Director, Trade and Exchange department…
5 Aug 2024
The stage may be set for a conflict among directors of banks, with the Bank Directors’ Association of Nigeria (BDAN) distancing itself from the position of Femi Otedola on the plan to tax foreign exchange (FX) profit of banks.
30 Jul 2024
There is palpable anger against the Emefiele regime that held sway at the Central Bank of Nigeria from June 2014 to June 2023, even one year after its sack
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