Offshore Control Measures to Curb Inflation, According to Bismarck Rewane
Bismarck Rewane, the managing director, Financial Derivatives Company Limited, has charged the Central Bank of Nigeria (CBN), to take advantage ...
Tag: CBN
CBN Sells $10,000 to BDCs at N1,101/$
The Central Bank of Nigeria (CBN) has again announced the sales of dollars to Bureau De Change (BDCs) operators. It ...
Nigeria’s External Reserves Drop by $1.02bn in 18 Days
Nigeria’s foreign exchange reserves dropped by approximately $1.02bn within 18 days, according to Central Bank of Nigeria (CBN’s) report. The ...
Recovery of Naira Linked to $7bn FX Backlog Clearance, BDCs React
The gradual recovery of Nigeria’s currency, the naira, in the last few weeks has been accredited to more investment in ...
Access Holdings Plc to Raise $1.5 Billion to Strengthen Capital Base
Nigerian financial services group Access Holdings Plc has revealed plans to raise $1.5 billion to bolster its capital base. This ...
Why Only Seven Nigerian Banks May Meet CBN Recapitalisation Requirements – EY
Ernst and Young, a multinational professional services partnership, and one of the largest professional services networks in the world, has ...
Why Banks Can’t Pay Dividends from FX Revaluation Gains – CBN
The Central Bank of Nigeria (CBN) has warned that banks operating in the country cannot use their foreign exchange revaluation ...
CBN to Sanction MfBs for Failure to File Monthly Returns
The Central Bank of Nigeria (CBN), has urged all Microfinance Banks (MfBs) to ensure prompt rendition of statutory monthly returns ...
Forex: Cardoso Confirms CBN Owing Five Banks
Dr. Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), has said that foreign exchange (forex) backlogs have ...
Raising Interest Rates in the Face of Cost-Push Inflation
I do not understand the rationale behind raising the benchmark interest by 400bp by Nigeria’s Central Bank. The price of ...
FULL LIST: BDCs in Each State in Nigeria
FULL LIST of BDCs per State in Nigeria Lagos: 2,958 Abuja: 1,179 Kano: 981 Anambra: 259 Kaduna: 55 Abia: 50 ...
MPC Raises Interest Rate from 18.75% to 22.75%
Monetary Policy Committee (MPC) of the Central Bank of Nigeria has increased the interest rate to 22.75%. Yemi Cardoso, the ...
Naira Gains as CBN Sells over $300million to Banks
The naira appreciated against the dollar to 1,582/$ at the close of trading activities at the official market on Monday. ...
Complex Factors, Not Us, Influence Forex Rates – Binance
Crypto trading platform, Binance, has said that foreign exchange (forex) rates are influenced by various factors. Binance on Thursday adjusted ...
CBN’s Directive to IMTOs May Divert FX Liquidity to Parallel Market, Cryptocurrency – Experts
Afolabi Oriyomi, an expert in the financial services industry and the research head, research head, Young Professionals and Emerging Leaders ...