Central Bank of Nigeria (CBN)

Nigeria’s FPIs drop by 77.4% in Q1

Foreign Portfolio Investments (FPIs) in Nigeria declined by 77.4 per cent year-on-year in the first quarter of 2021 to stand…

5 years ago

Nigeria’s Central Bank retains benchmark interest rate at 11.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Ratio (MPR)…

5 years ago

MPC’s rates retention fails to inspire NGX investors

The decision of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to leave the benchmark rates…

5 years ago

Nigeria’s external reserves dip 2.25% in one month despite oil price rise

Nigeria’s external reserves went in an inverse direction in relations to the price of oil in the last one month.…

5 years ago

CBN sets new capital requirements for payment firms

The Central Bank of Nigeria (CBN), the country’s apex bank, has set new capital requirements for payment firms in the…

5 years ago

FBNH, FirstBank boards’ changes ensured stability, says S&P

S&P Global Ratings has stated that the recent changes to the boards of First Bank of Nigeria Limited and FBN…

5 years ago

Domestic credit of banks grew by N290bn in weeks – CBN

The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit in commercial banks grew by 7.61 percent…

5 years ago

NDIC begins verification of depositors of 42 failed MFBs

The Nigeria Deposit Insurance Corporation (NDIC) has commenced the closure of 42 Microfinance Banks (MFBs) which operating licences were recently…

5 years ago

CBN revokes operating licenses of 42 microfinance banks

The Central Bank of Nigeria (CBN) has revoked the operating licenses of 42 microfinance banks in the country. This was…

5 years ago

CBN boosts market liquidity with N4.1trn special bills

The Central Bank of Nigeria (CBN), has sold N4.1 trillion worth of the instrument in the money market following the…

5 years ago

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