Tag: 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 via a statement issued by...
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 (NFEM).
The Acting Director of...
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 negatively to the Central...
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 cent.
The interest rate was...
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 in the benchmark interest...
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 De Change (BDCs) to...
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 the official trading platform of...
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 (CBN) to regulate and...
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 via a statement issued by...
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 been yielding significant results.
Cardoso...
