Nigerian Banks Turn to Costly Short-Term Debt as Liquidity Pressures Mount
Nigerian banks are increasingly relying on expensive short-term commercial papers (CPs) to manage liquidity shortages as the Central Bank of ...
Tag: CBN
Address Low Credit-to-GDP Ratio, Ex-CBN official Tasks Banks
Former Deputy Governor of the Central Bank of Nigeria, Dr. Sarah Alade, has called on Nigerian banks to address the ...
Finance Minister, CBN Governor Align Policies to Strengthen Nigeria’s Economy
Nigeria’s fiscal and monetary authorities have intensified efforts to harmonize their policies amid growing calls for better coordination to address ...
Greenwich Merchant Bank Secures CBN Approval for Financial Holding Company
Greenwich Merchant Bank Limited has received regulatory approval from the Central Bank of Nigeria (CBN) to establish its financial holding ...
National Arts Theatre Renovation to Unlock $25 Billion for Nigeria’s Creative Sector
The long-awaited renovation of the National Arts Theatre, now named oyinka Theatre, is nearing completion, with expectations that it will ...
Rising Inflation, Naira Depreciation Slash Nigeria’s Vehicle Imports in 2024
Nigerians imported fewer passenger cars in 2024 as inflation and the sharp depreciation of the naira made foreign exchange more ...
BDC Operators Struggle as Dollar Scarcity Worsens, Naira Hits New Lows
Bureau De Change (BDC) operators in Nigeria say commercial banks are not supplying them with dollars as directed by the ...
Banks in Nigeria Begin N100 ATM Withdrawal Charge
Nigerian banks have begun implementing the Central Bank of Nigeria’s (CBN) revised ATM transaction charges, which took effect on March ...
CBN Urges Banks to Align with Global Standards in Tackling Illicit Funds
The Central Bank of Nigeria (CBN) has called on financial institutions to enhance their compliance frameworks and align with global ...
SMEs Struggle as CBN Retains Interest Rate at 27.5%
Small and Medium Enterprises (SMEs) in Nigeria are facing increased financial strain following the Central Bank of Nigeria’s (CBN) decision ...
