Foreign Portfolio Investments (FPIs) in Nigeria declined by 77.4 per cent year-on-year in the first quarter of 2021 to stand at $974.1 million, data obtained from...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Ratio (MPR) at 11.5 per cent for the...
The decision of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to leave the benchmark rates unchanged on Tuesday did not sway...
Nigeria’s external reserves went in an inverse direction in relations to the price of oil in the last one month. The country’s external reserves declined 2.25%...
The Central Bank of Nigeria (CBN), the country’s apex bank, has set new capital requirements for payment firms in the country. The CBN disclosed the capital...
S&P Global Ratings has stated that the recent changes to the boards of First Bank of Nigeria Limited and FBN Holdings (FBNH) Plc, directed by Central...
The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit in commercial banks grew by 7.61 percent in October 2020, compared with 7.35...
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the closure of 42 Microfinance Banks (MFBs) which operating licences were recently revoked by the Central Bank of...
The Central Bank of Nigeria (CBN) has revoked the operating licenses of 42 microfinance banks in the country. This was disclosed by the Nigeria Deposit Insurance...
The Central Bank of Nigeria (CBN), has sold N4.1 trillion worth of the instrument in the money market following the introduction of 90-day special bills last...
