The Central Bank of Nigeria (CBN) on Thursday, March 28, 2024, unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks...
Financial analysts have attributed the appreciation of the naira at the foreign exchange market to forex intervention by the Central Bank of Nigeria (CBN),...
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has expressed concern over CBN’s MPR hike to 24.75%, warning of negative...
The Central Bank of Nigeria has raised the monetary policy rate, known as the interest rate, by 200 basis points per cent to 24.75...
Nigeria’s Company Income Tax (CIT) collections surged by 73.14 per cent in 2023, amassing a total of N4.9 trillion. This remarkable growth underscores...
The Central Bank of Nigeria has reduced the exchange rate for cargo clearance at Customs area command to N1572.50 from N1593.41 just two days ago. This...
The Central Bank of Nigeria (CBN) has lifted the restrictions on the importation of milk and dairy products. On February 11, 2020, the CBN had added...
A new report from Ernst and Young estimates that 17 out of 24 banks might not meet the capital requirement from the CBN if...
The Central Bank of Nigeria (CBN) has reiterated its position on how banks utilize their FX revaluation gains referencing a previous circular dated September 11, 2023....
Analysts at leading global business intelligence and market insight provider, Economist Intelligence Unit, have said that the Central Bank of Nigeria does not have the liquidity...
