Banking & Finance
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97Central Bank Scales Down Loans to Deposits Rate
The Central Bank of Nigeria (CBN) in a circular to Deposit Money Banks titled “Re: Regulatory Measures to Improve Lending to the...
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140Central Bank Prohibits Use of Foreign Currencies as Collateral for Naira Loans
The Central Bank of Nigeria (CBN) has written to all banks in Nigeria to discontinue the use of foreign currencies as collateral...
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258Central Bank Sells Dollar to BDCs at ₦1,101/$1
The Central Bank of Nigeria (CBN) has again crashed dollar to naira rate by announcing the sales of dollars to Bureau De...
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126Bank Recapitalisation: Expert Lists Pros and Cons
A former Executive Director, Corporate Banking and South, Keystone Bank, Yemi Odusanya, says the capital raise by the Central Bank of Nigeria...
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137Fallen ‘Crypto King’ Sam Bankman-Fried gets 25 years for fraud
Sam Bankman-Fried, co-founder of the failed crypto exchange FTX, has been sentenced to 25 years in prison for defrauding customers and investors...
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139Weekly Market Report: Mixed Performances Across the Globe
Global Economy According to final data from the Bureau of Economic Analysis (BEA), the United States (US) economy grew by 3.4% in...
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156Visa and Mastercard agree to $30b settlement that will lower merchant fees
Two of the world’s largest credit card networks, Visa and Mastercard, as well as the banks that issue cards with them, have...
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237Post MPC: CBN Raises Interest Rate to 24.75%
In line with our expectations, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) again voted to raise the...
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282Central Bank Sells Dollar to BDCs at ₦1,251/$1
The Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change (BDC) operators informing them that $10,000 have been...
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150
Pre-MPC: More Rate Hikes Ahead
The Monetary Policy Committee (MPC) has slated its second meeting of the year for 25th and 26th of March, deviating from its...
