Tag: Central Bank of Nigeria
Central Bank of Nigeria sells forex at N11O1/$1 to BDCs
MON APRIL 08 2024-theGBJournal| The Central Bank of Nigeria (CBN) Monday sold $10, 000 to Bureau de Change (BDCs) operators at the rate of...
Implications of the proposed recapitalization of Nigerian banks
...The proposed recapitalization of banks should be done in a manner that would minimize shocks and disruptions to the banking system and the economy...
Markets Wrap| Bonds yield rises 15bps to 19.4% as investors evaluated...
FRI, MAR 29 2024-theGBJournal| Nigeria's treasury bonds secondary market were subdued for most of the week, as investors evaluated the MPC’s hawkish stance and...
CBN raises minimum capital requirements for commercial, merchant and non-interest banks
FRI, MAR 29 2024-theGBJournal| The Central Bank of Nigeria (CBN) has raised the minimum capital requirements for commercial, merchant and non-interest banks in the...
Nigeria’s Central Bank hikes interest rate by 200bps to 24.75%, its...
TUE, MAR 26 2024-theGBJournal| The Central Bank of Nigeria (CBN) raised monetary policy rates (MPR) by 200bps to 24.75% (Previously: 22.75%) at the end...
KCB Group Plc confirms move by Access Bank to acquire...
WED, MAR 20 2024-theGBJournal|The Board of Directors of KCB Group Plc has confirmed that it has entered into a share purchase agreement for the...
CBN allocates 2.15 million bags of fertiliser worth N100 billion to...
WED, MAR 13 2024-theGBJournal| The Central Bank of Nigeria (CBN) on Wednesday announced the allocation of 2.15 million bags of fertiliser, valued at over...
Naira jumps 704 bps w/w against the dollar, Nigeria’s gross reserves...
SAT, MAR 02 2024-theGBJournal|The value of the Naira to the dollar strengthened by 704 bps week-on-week by Friday to print at N1,548.25/$ at the...
CBN plans N1.641 trillion worth of Treasury Bills offer in Q2-2024
FRI, MAR 01 2024-theGBJournal|The Central Bank of Nigeria (CBN) on Friday revealed plans to offer N1.641 trillion worth of Treasury Bills in the second...
CBN| Confronting inflation and other challenges
...CBN Governor, Cardoso and his team has launched an aggressive fight against inflation just like Paul Volcker, a former US Fed Chairman (1979-1987) did.
...Will...
