Tag: Central Bank of Nigeria
Credit to the private sector sees sustained growth
SAT, FEB 03 2024-theGBJournal| According to the Central Bank of Nigeria (CBN), credit to the private sector (CPS) increased by 49.8% y/y to N62.52...
Treasury Bills| Tight liquidity triggers sell-offs across the curve as yield...
...The overnight (OVN) rate expanded by 237bps w/w to 21.2% in the Money Market
SAT, FEB 03 2024-theGBJournal| Sentiments in the NTB secondary market remained...
Analysis| New CBN reporting requirements on bank’s fx exposures- the bottomline
...This regulatory initiative underscores the CBN's proactive approach to addressing mounting concerns related to excessive foreign currency speculation
...In the coming days, it is crucial...
CBN pays another $500 million to clear verified forex backlog
...Finance Minister, Wale Edun, estimates the total foreign exchange backlog at $5 billion, and identified clearing this backlog as a priority for the CBN.
MON,...
Quick Take| The positive impact of CBN’s enforcement and credit to...
SAT, JAN 20 2024-theGBJournal|According to the Central Bank of Nigeria (CBN), credit to the private sector (CPS) declined by 6.0% m/m in November (October...
Central Bank of Nigeria clears entire liability of 14 banks, begins...
...Tackles FX Transactions abuses in clearing Liabilities Backlog
...To continue settlement of verified FX backlog
THUR, JAN 18 2024-theGBJournal|The Central Bank of Nigeria (CBN) said that...
FX Watch| Naira value falls 2.4% to N890.54/USD at NAFEM as...
SAT, JAN 13 2024-theGBJournal|The naira value fell by 2.4% to N890.54/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM), with total turnover in the...
CBN appoints new executives for Union Bank, Keystone Bank and Polaris...
THUR, JAN 11 2024-theGBJournal|The Central Bank of Nigeria (CBN) has appointed new executives to oversea the affairs of Union Bank, Keystone Bank and Polaris...
CBN intensifies effort at clearing FX backlogs as foreign investors keenly...
...Announced it has disbursed $61.64 million to foreign airlines through Deposit Money Banks, redeeming $2 billion in outstanding forward liabilities in the last three...
2024 Outlook| Additional rate hikes remain the key decision to adopt
FRI, JAN 05 2024-theGBJournal| It is expected that the domestic economic activities will remain resilient in 2024FY as the negative impact of the reforms...
