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Tag Archives: Central Bank of Nigeria

NIPOST outlets to offer banking services, Int’l passport issuance from May this year—Minister

NIPOST Boss

Though efforts to get official confirmation from the Central Bank of Nigeria (CBN) on Thursday proved abortive, the Minister of Communications, Adebayo Shittu has claimed that all is set for ...

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GTB, Zenith Bank, others await second tranche of Etisalat’s negotiated loan payment

Etisalat nigeria

Indications have emerged, showing that the dusts raised by $1.2 billion, about N30bn loan jointly pulled by a consortium of banks in 2013 for Etisalat are yet to settle. Earlier ...

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Momentary weakening of Naira shows it cannot be stable by only CBN’s intervention–Expert

economy issues

Ever since the Central Bank of Nigeria (CBN) started its almost daily intervention in forex liquidity, many pundits have continued to argue that the practice remained cosmetic and may not ...

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Zenith Bank Plc is stronger than them all, rock solid— Fitch Report

Zenith bank HQ

Whereas three banks (names with held) were said to vulnerable by the latest result of the stress test conducted by the Central Bank of Nigeria (CBN), the report however, singled ...

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CBN’s new special forex window for SMEs’ll drive cut forex settlement period

CBN emefiele 2

Analysts have hailed the tactics used by the Central Bank of Nigeria (CBN) to open a special foreign exchange window for the Small and Medium Enterprises (SMEs), saying it would ...

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CBN begins tightening of liquidity with seven to 30-day maturity Forwards sale

CBN MPC meeting

Indications have emerged that the combination of foreign exchange (forex) and Treasury Bills (T-Bills) auctions by the Central Bank of Nigeria (CBN) last week, calmed the quantity of money in ...

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CBN deepens forex rates convergence drive, crashes BDC rate to N360 to sell at N362 only

CBN MPC meeting

All most 24 hours after the Central Bank of Nigeria (CBN) directed Deposit Money Banks (DMBs) in the country to sell foreign exchange obtained from it to retail end-users at ...

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Banks abusing CBN’s forex guidelines in trouble as apex bank plans examination visit

CBn Emefiele

Out of fears and suspicion of infractions by some commercial banks in the disbursement of forex allocations, the Central Bank of Nigeria (CBN) will this week send examiners to banks ...

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Recession receding as Nigeria’s inflation falls to 17.78% in February – NBS

Udoma, Buhari, Adeosun

Respite on recession seems underway as latest report on the nation’s presented by the National Bureau of Statistics (NBS) on Tuesday showed that Nigeria’s inflation rate has begun reversal trend ...

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Naira not as weak, unstable as speculated at parallel market, Emefiele insists

CBn Emefiele

The Governor of the Central Bank of Nigeria (CBN), Dr. Godwin Emefiele has revealed that contrary to the permutations of currency speculators at the parallel market, the Nigerian naira is ...

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