Banking & Finance
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199CBN Reintroduces Publication of Key Economic Reports
The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports to enhance transparency. According to a statement...
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221Cardoso Highlights Importance of Currency Management
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has emphasised the crucial role of currency management and forecasting in...
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176NDIC Pays 82% of Defunct Heritage Bank Depositors
The Nigeria Deposit Insurance Corporation has said that about 82.36 per cent of the depositors of failed Heritage Bank have been paid....
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231CBN Demands Transaction Evidence on All Divestments, Repatriation of Foreign Investments
The Central Bank of Nigeria (CBN), yesterday clarified that every divestment or repatriation of foreign investment, be it a pre-liquidation or matured...
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191
CBN Sells $876.26m to 26 Banks in Latest Retail Dutch Auction
In a decisive effort to ease the strain on Nigeria’s foreign exchange market and enhance transparency in pricing, the Central Bank of...
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216
CBN Okays Unity, Providus Banks’ Merger Arrangement
The Central Bank of Nigeria (CBN) has given a node for the merger arrangement between Unity Bank Bank and Providus Bank. A...
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160Bank Recapitalisation Crucial for Economic Growth –SEC
The Director General of the Securities and Exchange Commission, Emomotimi Agama, has stated that the ongoing bank recapitalisation is an important step...
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218AfDB Okays $500m Fresh Loan for Nigeria
The African Development Bank Group has approved a loan of $500m to the Federal Government to finance the first phase of the Economic...
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163National Assembly Amends CBN Act
The National Assembly, yesterday, passed an amendment to the Central Bank of Nigeria (CBN) Act, which increased the apex bank’s threshold of...
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170
CBN Clears Next-of-kin to Claim Funds in Dormant Accounts
Next of kin, legal representative, or beneficial owner have been cleared by the Central Bank of Nigeria (CBN) to make claims on...
