Tag: Central Bank of Nigeria
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...
CPPE says CBN’s jumbo interest rate hike failed to reckon with...
...The response of the Centre for the Promotion of Private Enterprise (CPPE) to yesterday's 400bps increase in Monetary Policy Rate (MPR) to 22.5% by...
CBN’s Monetary Policy Committee delivers record interest rate hike
...All other parameters were raised except for liquidity rate which it retained at 30.0%.
...The asymmetric corridor is hiked +100bps/-700bps (Previously: +100bps/-300bps) while the CRR...
CBN approves sale of forex to Bureau De Change at N1,301/$
...The CBN says all BDCs are allowed to sell to end-users at a margin ''not more than one percent (1%) above the purchase rate...
