NDIC clarifies misleading news reports on liquidation of 20 banks
The Nigeria Deposit Insurance Corporation (NDIC) has addressed the recent news reports which it said is misleading circulating on
Read More
MONEY MARKET
CBN assures enough naira notes in circulation
The Central bank of Nigeria (CBN) says it has sufficient stock of Naira notes allaying fears of some Nigerians
Read More
No plans to restructure, redenominate Naira – CBN clarifies
The Central Bank of Nigeria (CBN) has said there is no plans for the redenomination of the Naira,
Read More
Nigeria MTN raises N125bn via commercial paper notes
MTN Nigeria has raised N125 billion via series 6&7 commercial paper notes to diversify its financing options. This was disclosed
Read More
First Bank allays fears of staff retrenchment over introduction of robotics
The Managing Director and Chief Executive Officer of the First Bank of Nigeria, Mr Adesola Adeduntan, has said that
Read More
CBN exempts MfBs, mortgage banks from cash withdrawal limits
The Central Bank of Nigeria (CBN) has directed that microfinance banks and primary mortgage banks that provide banking services to
Read More
.CBN raises interest rate to 18.75% at first post-Emefiele MPC meeting
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR),
Read More
CBN revokes licenses of 2,698 Bureau de Change dealers
The Central Bank of Nigeria (CBN) has revoked the licenses of 2,698 of Bureau de Change (BDC) dealers. On Wednesday,
Read More
CBN raises tenure for banks’ chief executives to 12 years
The Central Bank of Nigeria (CBN) has increased the tenure of the Managing Director/Chief Executive of banks from maximum
Read More
CBN returns N115.45bn, in failed bank transactions to customers in 10-yrs
The Central Bank of Nigeria (CBN) said a total of N115.45 billion and about $22.7 million have been refunded to
Read More