CBN Grants Banks Approval to Trade Idle FX Deposits in Some Dormant Accounts
The Central Bank of Nigeria (CBN) has given the green light to the commercial, merchant, and non-interest banks operating in ...
Tag: CBN
Zenith Bank Concludes Infrastructure Upgrade, Assures Of Improved Services
Zenith Bank Plc has assured its customers of exceptional service delivery and improved customer experience following the successful completion of ...
Nigerian Economy Positioned for Investment Growth, Says Finance Minister Edun
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, announced that recent economic reforms have placed ...
NACCIMA Raises Alarm Over Business Exits from Nigeria Due to Unfavorable Policies
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has expressed grave concern over the increasing departure ...
Nigeria’s Productivity Crisis: Income Per Capital Dives Amid Poor Governance
Nigeria is confronting a severe economic crisis, with its income per capita declining sharply from $3,223 in 2014 to just ...
Nigerian Stock Market Declines in October Despite Capital Gains
In October, the Nigerian Exchange Limited (NGX) experienced a bearish trend, with the All-Share Index (ASI) declining by 0.92% to ...
Rising Poverty in Nigeria as Stagnant Incomes Pushes 14 Million More Nigerians into Hardship
A new World Bank report reveals a bleak economic reality for Nigeria, with 14 million more Nigerians pushed into poverty ...
Nigeria Launches Voluntary Currency Disclosure Scheme to Strengthen Financial Transparency
The Federal Government of Nigeria has introduced a nine-month Voluntary Currency Disclosure, Depositing, Repatriation, and Investment Scheme, known as the ...
Nigerian Banks Face Legacy Challenges Amid Looming Recapitalization Deadline
Moody's Ratings has highlighted that Nigerian deposit money banks are grappling with significant legacy exposures stemming from the Central Bank ...
World Bank Advises CBN to Limit Forex Auctions, Deepen Market Transparency to Strengthen Naira
The Central Bank of Nigeria (CBN) has been urged by the World Bank to avoid frequent interventions in the foreign ...
