In a wait-and-see approach, the Central Bank of Nigeria (CBN) on Tuesday retained its benchmark interest rate, known as the Monetary Policy Rate (MPR), at 27.5 percent, despite slowing inflation and s...
Here are the seven top business stories you need to track this week — July 21 to July 25. CBN TO HOLD MPC MEETING JULY 21 The Central Bank of Nigeria (CBN) says it will hold its monetary policy commit...
The Central Bank of Nigeria (CBN) has clarified speculations about hidden charges on the newly launched Non-Resident Bank Verification Number (NRBVN) platform. In a recent release, the CBN stated that...
The Central Bank of Nigeria has directed banks to submit a capital restoration plan as part of regulatory efforts to support the exit from the forbearance regime. In a circular signed by the CBN Direc...
A week after the Central Bank of Nigeria (CBN) issued a Circular to banks on the resolution of regulatory forbearance on their single obligor limit (SOL) infractions and other loan assets while it sus...
The naira strengthened at the official window in the past week to 1,547/$ from 1,549/$, supported by intervention from the Central Bank of Nigeria, which injected dollars into the market to ease corpo...
The Bank Customers Association of Nigeria has revealed that it has written to the Central Bank of Nigeria about the charges being deducted from customers’ accounts. This was disclosed by the president...
Fidelity Bank Plc has assured shareholders and stakeholders of its full compliance with the recent Central Bank of Nigeria circular on Regulatory Forbearance for Single Obligor Limits and credit expos...
The Association of Securities Dealing Houses of Nigeria has expressed concern over the Central Bank of Nigeria’s recent circular indefinitely suspending dividend payments by banks. Chairman of ASHON, ...
