Tag: Central Bank of Nigeria
Economic challenges, CBN and reconstruction policies
...The challenges of the economy are diverse and demands critical and surgical interventions for reconstruction
By Arize Nwobu
WED APRIL 17 2024-theGBJournal|Economic reconstruction is defined as...
CBN bans banks from using foreign currency denominated collaterals for Naira...
MON APRIL 08 2024-theGBJournal| The Central Bank of Nigeria (CBN) Monday banned bank customers from using foreign currency as collaterals for Naira loans, another...
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...
