CBN, NDIC to discuss bank recapitalisation
The Nigeria Deposit Insurance Corporation (NDIC), Central Bank of Nigeria (CBN), Bank of Industry, United Bank for Africa (UBA),…
Browsing Tag
cbn
BOI achieves 142.5% subscription in senior phase of €1 billion global loan…
The Bank of Industry (BOI) has secured €1.425 billion from the senior phase of its global loan syndication, surpassing its initial…
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…
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…