The Central Bank of Nigeria (CBN) has disclosed that a sum of N57.35 billion ($187.7million) was spent by the federal government on debt services/payments between January...
Regulatory capital ratios have been impacted by the large depreciation of the naira given the extent of dollar lending in the sector. Banks have also been...
The Central Bank of Nigeria (CBN) has extended the timeline of BVN enrolment for Other Financial Institutions (OFIs) to December 31, 2017. In a letter to...
Inflows through the Central Bank of Nigeria (CBN), which consisted of monies from the oil economy and the non-oil public sector, declined from US$2.87bn to US$2.26bn...
By Odunewu Segun The Nigerian Naira ended the month of July trading strong at the parallel segment of the Nigerian Foreign Exchange Market. It retained the...
More than N7 trillion has been remitted by banks to the Federal Government’s TSA account in compliance with the policy, National Daily has gathered. The figure, as...
About 2,000 workers of embattled former Etisalat, now 9Mobile would have been thrown into the unemployment market if the Nigerian Communications Commission, NCC, had not intervened...
By Odunewu Segun With the decision of the Central Bank of Nigeria’s Monetary Policy Committee meeting on Tuesday, July 25 to retain the MPR at 14%,...
By Odunewu Segun Naira is still struggling to converge between the Central Bank of Nigeria (CBN)’s Nigeria Autonomous Foreign Exchange Market (NAFEX) trading market and the...
Nigeria’s interbank lending rate rose to around 20 percent, from 5 percent on Thursday, after the Central Bank of Nigeria sold treasury bills to mop-up excess...
