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Experts Applaud CBN Over Planned Recapitalisation of Banks
Two financial experts have commended the Central Bank of Nigeria (CBN) for its plan to further recapitalise Deposit Money Banks (DMBs) in the country.
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.
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Golf: Ahube Emerges Winner of 2023 Nigeria Ladies Open
Nnenna Ahube, Lady Captain of the Bonny Island Golf Club (BIGC) has emerged as the winner of the 2023 Nigeria Ladies Open in Abuja.
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NDIC, EFCC Collaborate to Avoid Bank Failures
The Nigeria Deposit Insurance Corporation (NDIC) has established a special desk at the Economic and Financial Crimes Commission (EFCC) to strengthen the investigation and prosecution of parties responsible for bank failures.
Tinubu Presents N27.5 Trn 2024 Budget to NASS
President Bola Tinubu on Wednesday presented a budget of N27.5 trillion for 2024 to the National Assembly for approval.
2024 Budget: We Can’t Afford to Fail Nigerians, Says Speaker Abbas
The Speaker of the House of Representative, Rep. Tajudeen Abbas says the current administration cannot afford to fail Nigerians by changing the rots and chart a new course for the citizenry
NASS Expresses Readiness to Amend Electoral Act
The National Assembly says it is committed to ensuring timely amendment of the Electoral Act, to enhance transparency, and accountability in the electoral processes.