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Thursday, April 25, 2024
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.

43 Items Not Totally Banned, Clarifies Cardoso

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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.
Experts Applaud CBN Over Planned Recapitalisation of Banks

CBN Plans New Round of Recapitalisation for Banks

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The Central Bank of Nigeria (CBN) says it is planning to implement a new round of banking recapitalisation for the Deposit Money Banks (DMBs).
Experts Applaud CBN Over Planned Recapitalisation of Banks

Short-Term Interest Rates Spike as Banks Take Excess Funds to CBN

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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.
Experts Applaud CBN Over Planned Recapitalisation of Banks

CBN Sells Nigerian Treasury Bills at Higher Rates

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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.
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.

World Bank, Global Fund Sign MoU to Tackle Impact of Climate Change on Health

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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.
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and Sterling Bank have set aside N5 billion loan for small businesses.

SMEDAN, Sterling Bank Earmark N5bn Loan for SMEs

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The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and Sterling Bank have set aside N5 billion loan for small businesses.
The Deputy Senate President, Sen. Barau Jibrin says agency banking contributes seven trillion Naira annually in transaction value.

Agency Banking Contributes N7tn Annually in Transaction Value – Lawmaker

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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

Court Adjourns N4bn Suit against First Bank Plc till Jan 16

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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.
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.

CBN Defers 293rd MPC Meeting Again Amid Expectations

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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 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-'.

Fitch Downgrades Coronation Merchant Bank Credit Ratings

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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-'.