Tag: Central Bank of Nigeria
CBN hailed for streamlining documentation requirements for PAPSS transactions in Nigeria
SAT MAY 10 2025-theGBJournal| The Pan-African Payment & Settlement System (PAPSS) said in a statement Friday that they ''warmly welcome'' the new circular from...
Strong demand seen for mid-dated bonds, overnight rate up 12bps w/w...
SAT MAY 10 2025-theGBJournal| Nigerian treasury yields were mixed on Friday and closed out the week with investors staying optimistic ahead of Central Bank...
CBN emphasizes financial inclusion
...CBN recently introduced new minimum capital requirements for banks to ensure that they are better capitalised and for greater loans exposures and risks to...
CBN reports strongest net foreign exchange reserve position in over three...
...Nigeria's gross external reserves also increased to $40.19 billion, compared to $33.22 billion at the close of 2023.
...The CBN said the increase in reserves...
Markets close bullish as shares of INTBREW and NB make huge...
...Proceedings in the FGN bond secondary market were quiet, albeit with a bullish tilt as the average yield declined by 1bp to 18.2%.
THUR MARCH...
Central Bank of Nigeria grants Carbon and PalmPay authorization to issue...
WED MARCH 12 2025-theGBJournal| Leading fintech companies Carbon and PalmPay have commenced the issuance of Verve cards to their customers, following the Central Bank...
Perspective on inflation
...Inflation in Nigeria rose consistently from 15.60 per cent in January 2022 to 19.64 percent in July 2022, and to 20.52 percent in August.
By...
Naira weakens amid FX liquidity challenges; total FX inflows down 12.9%...
TUE MARCH 11 2025-theGBJournal| The official FX rate fell on Monday by 0.8% to N1,529.44/USD, reflecting the sustained FX pressures carried over from last...
CBN and economic challenges
...Central banks play a major role in managing the health of an economy through the evolution and implementation of appropriate monetary policies which aims...
Naira slides 1.8% to N1,501.61 against the US dollar despite inflows...
SAT FEB 08 2025-theGBJournal| The naira depreciated by 1.8% to N1,501.61/USD at the Nigerian Foreign Exchange Market (NFEM), despite inflows from FPIs and the...
