Inflation: Nigerians to spend 54.9% income on food in next six months…
The rising inflation rate will force Nigerian households to spend the largest amounts of their earnings on food in the next…
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cbn
CBN lifts suspension on Bank borrowing, sets new lending rate
The Central Bank of Nigeria (CBN) has lifted its suspension on banks borrowing from its Standing Lending Facility (SLF), setting…
CBN announces high remittance inflows for July
The Central Bank of Nigeria (CBN) has announced a substantial rise in remittance inflows, which reached $553 million in July 2024,…
External reserves decline by 0.68% after CBN projection
Nigeria’s external reserves have decreased by 0.68 per cent, falling to $36.620 billion as of August 12, 2024, from $36.872…
CBN re-Introduces publication of key economic reports
The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports, reaffirming its commitment to…
License revocation: Why we’re yet to reimburse some insured…
The Nigeria Deposit Insurance Corporation (NDIC) has explained the delay in reimbursement of some insured depositors of the…
CBN sells $876.26m at ₦1,495 in retail auction
The Central Bank of Nigeria (CBN) has sold $876.26 million to end users through bids submitted by 26 banks.
In a circular…
CBN speaks on ‘investigating’ alleged extortion at Ecobank
The Central Bank of Nigeria (CBN) has denied probing Ecobank Nigeria and Ecobank Transnational Inc. Specialized Resolutions…
‘A significant milestone in evolution of our respective…
Providus Bank Limited and Unity Bank Plc have confirmed a proposed merger between both institutions.
NewsClick Nigeria reports…
NASS passes Bill to increase CBN Ways And Means loans
On Wednesday, the Senate and House of Representatives passed legislation to enhance the percentage of Ways and Means loans that…