43 Items Not Totally Banned, Clarifies Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has clarified that the 43 items were never explicitly prohibited from importation or sale in Nigeria.
CBN Plans New Round of Recapitalisation for Banks
The Central Bank of Nigeria (CBN) says it is planning to implement a new round of banking recapitalisation for the Deposit Money Banks (DMBs).
Short-Term Interest Rates Spike as Banks Take Excess Funds to CBN
Short-term benchmark interest rates rose to double-digit highs as the liquidity profile in the financial markets weakened further. There have been renewed pressures on liquidity in the financial system, worsened by debits for primary market auctions.
CBN Sells Nigerian Treasury Bills at Higher Rates
The Central Bank of Nigeria (CBN) adjusted spot rates on Treasury bills by 100 basis points at the just concluded primary market auction, according to the results.
World Bank, Global Fund Sign MoU to Tackle Impact of Climate Change on Health
The World Bank and the Global Fund to Fight AIDS, Tuberculosis, and Malaria (the Global Fund), have signed a Memorandum of Understanding (MoU) to strengthen health systems in countries of the Global South.
SMEDAN, Sterling Bank Earmark N5bn Loan for SMEs
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and Sterling Bank have set aside N5 billion loan for small businesses.
Agency Banking Contributes N7tn Annually in Transaction Value – Lawmaker
The Deputy Senate President, Sen. Barau Jibrin says agency banking contributes seven trillion Naira annually in transaction value.
Court Adjourns N4bn Suit against First Bank Plc till Jan 16
An Enugu State High Court presided over by Justice Chukwunweike Ogbuabor on Tuesday adjourned a N4 billion lawsuit against First Bank of Nigeria Plc to Jan. 16, 2024, for hearing.
CBN Defers 293rd MPC Meeting Again Amid Expectations
In spite of expectations by stakeholders, the Central Bank of Nigeria (CBN) has shelved its bi-monthly Monetary Policy Committee (MPC) meeting for the second time.
Fitch Downgrades Coronation Merchant Bank Credit Ratings
Fitch Ratings has downgraded Nigeria-based Coronation Merchant Bank Limited's (CMB) Long-Term Issuer Default Rating (IDR) to 'CC' from 'B-' and its Viability Rating (VR) to 'cc' from 'b-'.
