CBN

CBN approves Providus, Unity Bank merger

The Central Bank of Nigeria has approved the merger between Providus Bank Limited and Unity Bank Plc. This was announced…

4 months ago

CBN sells $148m to 29 authorised dealers at N1,470/$

The Central Bank of Nigeria (CBN) has sold $148 million to 29 authorised dealers in the Nigerian Foreign Exchange Market…

4 months ago

Stock market investors lose N47bn after CBN’s interest rate hike

The performance index of the stock market closed 0.08 per cent weaker on Tuesday, July 23, 2024, as investors reacted…

4 months ago

CBN raises interest rate to 26.75%

The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR), which benchmarks interest rates, to 26.75 per…

4 months ago

NACCIMA lists effects of interest rate hike on businesses

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has enumerated the potential consequences of a hike…

4 months ago

Forex: CBN sells $106.5m to 29 dealers at N1,498/$

The Central Bank of Nigeria (CBN) has commenced regular sales of foreign exchange through authorised dealer banks and licensed Bureaux…

4 months ago

Naira trades N1,566/$ at official market

The naira, on Thursday, July 18, 2024, appreciated at the official market, trading at N1,566.82 to the dollar. Data from…

4 months ago

Experts call for restructuring, CBN’s intervention in banking

Some experts have decried the inefficiencies and lack of governance in the banking sector, urging the Central Bank of Nigeria…

4 months ago

Forex: CBN sells $122.671m to 46 dealers

The Central Bank of Nigeria (CBN) has sold the sum of $122,671 million to 46 authorised dealers. This was disclosed…

4 months ago

Cardoso: CBN measures making positive impacts, we’ll tame inflation

The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has again reassured Nigerians that the apex bank’s economic reforms have…

4 months ago

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