Tag: CBN

Nigerian banks now mandated to open USD bank accounts for those receiving international money transfers WED 17 FEB, 2021-theGBJournal- WorldRemit, a leading cross-border digital payments...

SAT 13 FEB, 2021-theGBJournal- Nigeria’s FX reserves sustained its descent, as it dipped by USD153.60 million w/w to USD35.89 billion (9th February 2021). Across...

SAT 13 FEB, 2021-theGBJournal- The Treasury bills secondary market ended the week on a bearish note, as the average yield across all instruments expanded...

Naira stays flat at N400.00/$ at the I&E window THUR 11 FEB, 2021-theGBJournal- The overnight lending rate increased by 58bps to 5.8%, following outflows for...

By Tolu Oyekan  WED 10 FEB, 2021-theGBJournal- As of this writing, the spread of COVID-19 in many African countries has been more contained, and the...

MON 08 FEB, 2021-theGBJournal- Nigerian equities opened the week in red, as a sell-down in GUARANTY (-8.8%) extended last week’s bearish trading for the...

By Charles Ike-Okoh MON 08 FEB, 2021-theGBJournal- This is a clear case of two government regulatory agencies working at cross purpose. While The Central Bank of...

By Ehi Braimah SUN 07 FEB, 2021-theGBJournal- Recently, the Central Bank of Nigeria (CBN) issued a directive to Deposit Money Banks (DMBs), non-bank financial institutions...

SAT 06 FEB, 2021-theGBJournal- The overnight (OVN) rate expanded by 700bps w/w to 18.0% as system liquidity (weekly average c. NGN224.52 billion) was squeezed...

By Audrey Lotechukwu FRI 05 FEB, 2021-theGBJournal- Nigeria’s Infrastructure Concession Regulatory Commission (ICRC) has within a few months of its operation, banked N2,400,689,340.00 with the...