Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Category
Finance
How Ready Are Banks For Cardoso’s New Capital Regime?
Finally, the Central Bank of Nigeria (CBN) on Thursday raised the minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at ₦500 billion, in measures to put the banks…
CBN Raises Interest Rate To 24.75%, Adjusts CRR Of Merchant Banks To 14%.
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR), it’s benchmark interest rate to 24.75% representing 200 basis points increase from 22.75% in February.
The CBN however retained the Cash Reserve Ratio (CRR) of…
CBN Undecided Months After Takeover of Union, Polaris, Keystone Banks
Two and half months after the takeover of Union and two other banks, the Central Bank of Nigeria (CBN) is still undecided on what to do with the three lenders which have continued to operate in the industry with inadequate board members.…
Ghana’s Central Bank Leaves Key Interest Rate Unchanged At 29%
Ghana's central bank kept its key interest rate at 29% in a decision announced on Monday, saying inflation risks were still on the upside and required close monitoring.
The West African cocoa, gold and oil producer has been restructuring…
Credit To Private Sector Crosses N80trn Amid Weakening Currency, Double DigIt-inflation
Nigeria's private sector received N80.86 trillion in credit from the banking industry in February 2024, a 93.66 per cent Year-on-Year growth from N41.75 trillion reported in February 2023, the latest data from the Central Bank of Nigeria…
Expert Warns CBN Against Arbitrary Figures For Banks’ Recapitalisation
Wunmi Bewaji, a Leeds-trained securities and financial regulation expert, has urged the Central Bank of Nigeria (CBN) to prioritise the conduct of stress tests in the banking sector and not to adopt an arbitrary figure in its proposed…
CBN Clears $7bn FX Backlog As Naira Appreciates To N1,492.6/$
The Central Bank of Nigeria (CBN) on Wednesday said it has cleared the $7 billion foreign exchange (FX) backlog inherited by Governor Yemi Cardoso.
This move fulfills a key pledge on his appointment and signifies a significant step towards…
Afreximbank Unveils FEDA To Bridge Africa’s $110bn Equity Financing Gap
The African Export–Import Bank (Afreximbank) on Wednesday officially unveiled its Fund for Export Development in Africa (FEDA) office in Kigali, Rwanda specifically to bridge Africa’s $110 billion financing gap.
The Fund will provide for…
What CBN’s N161.5bn Treasury Bills Auction Hold For Nigeria’s Economy
The Central Bank of Nigeria (CBN) last Wednesday sold N161.5 billion worth of Nigerian Treasury Bills (NTBs) across various maturities.
Details revealed the apex bank offered N728.17 million which yielded N85.51 billion total subscription…
Bitcoin Slides 5%, While Altcoins Sparkle
Bitcoin fell by as much as 5.7% on Tuesday, on track for its largest one-day drop in two weeks, as a wave of selling hit cryptocurrencies and other risk assets, such as stocks.
The price was last down 4.2% at $64,550, having dropped to a…