On Wednesday, the Nigerian naira experienced a surge, reaching N1,240 per dollar at the parallel segment of the foreign exchange (FX) market. This marks a notable...
Nigerian commercial banks have recently imposed withdrawal limits on their automated teller machines (ATMs), deviating from the Central Bank of Nigeria’s (CBN) directives. Following instances of...
In the wake of the Central Bank of Nigeria’s (CBN) recent announcement of increased minimum capital requirements, the Nigerian financial sector is gripped by apprehension over...
The Central Bank of Nigeria (CBN) and other banking institutions have injected $2.5 billion into the foreign exchange market, resulting in a strengthening of the naira...
Commercial banks in Nigeria are pressing the Central Bank of Nigeria (CBN) for a clearer directive regarding the treatment of retained earnings as the countdown to...
In recent days, Nigeria’s economy has experienced a significant inflow of over $1.5 billion, as confirmed by the Central Bank of Nigeria (CBN). This substantial influx,...
According to a recent report, some Nigerians who availed themselves of the Central Bank of Nigeria (CBN) and NIRSAL Microfinance Bank’s targeted credit facility (TCF) have...
In a move to bolster the financial sector’s resilience and capacity, the Central Bank of Nigeria (CBN) has announced new minimum capital requirements for banks, leaving...
Speculators who anticipated a further decline of the naira against the dollar are facing significant losses as the Nigerian currency strengthens, fueled by interventions from the...
In a bid to bolster the resilience and stability of Nigeria’s financial system, the Central Bank of Nigeria (CBN) has unveiled new minimum capital requirements for...