CBN – Page 6 of 17 – Prime Business Africa

Access ARM Pensions Holds AGM Friday 30 May

Recapitalisation: Access Holdings Begins N351bn Right Rights Issue July 8

Access Holdings Plc will on on Monday, 8 July 2024, begin its N351 billion capital raise through rights issue to shareholders. Prime Business Africa reports that the move is to increase the capital base of Access Bank in line with the Central

July 7, 2024

Weak Naira: CBN Sells $543.5m To Boost FX Market

Business·News

Economic Expert Hails CBN For Stopping FX Price Verification System

Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE) Dr Muda Yusuf, has commended the Central Bank of Nigeria (CBN) for discontinuing its Forex Price Verification System Portal, saying it was counterproductive. The CBN had last Thursday, announced

July 4, 2024

Naira Falls Against Dollar Across FX Markets

Business·News

Nigeria’s FX Reserves Rise To $34.14bn Amid World Bank Support

Nigeria’s Reserves Hit New High Nigeria’s foreign exchange (FX) reserves have reached $34.14 billion, marking a 4.06% increase from $32.74 billion on June 3, 2024. This data, released by the Central Bank of Nigeria (CBN), highlights a significant improvement in the country’s

June 30, 2024

Energy, Exchange Rate, Transportation Top Three Drivers Of Inflation In Nigeria - CBN Survey

Finance & Economy·Opinion

CBN: Strengthening Banks And The Financial System

The banks’ recapitalisation policy scheduled for March 2026, by the Central Bank of Nigeria (CBN), is a proactive and commendable policy that aims at enhancing the solidity of banks in driving the economy for greater impact in a globalized world with fast

June 29, 2024

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Business·Currency·News

CBN Revises Guidelines For Foreign Currency Deposits

The Central Bank of Nigeria (CBN) has released new guidelines for the deposit of foreign currency notes by Deposit Money Banks (DMBs). In a circular dated 27 June 2024 signed by CBN’s acting director, Currency Operations Department, Mohammed Olayemi, the apex bank

June 29, 2024

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Finance & Economy

Nigeria’s External Reserves Rises To $34bn, Highest Since March

Nigeria’s external reserves has surged to $34.07 billion in June. This was revealed in the latest forex reserves data published by the Central Bank of Nigeria (CBN) on its official website. The figure marks the highest level since March 2024. Prime Business

June 28, 2024

Business

Import: CBN Stops Price Verification System For Form M

The Central Bank of Nigeria has discontinued its Price Verification System (PVS) required for validation of Form M application. In a circular released on Wednesday, 26 June, the apex bank said the discontinuation takes effect from 1 July 2024. It referenced a

June 28, 2024

Survey: 65.8% Respondents Want Interest Rate Cut As CBN Holds MPC Meeting

Business·News

CBN Announces Measures To Tackle Inflation As Reforms Attract $24bn Inflow

Inflation Pressure Eases Due to Central Bank Policies Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says inflationary pressure has started dropping, due to the central bank’s policy measures aimed at reducing the current inflation rate of 33.69%. He made

June 26, 2024

Business·Finance & Economy

Our Capital Raise Will Spur Growth Of Businesses, Boost Economy – Fidelity Bank MD, Onyeali-Ikpe

Managing director and CEO of Fidelity Bank Plc, Nneka Onyeali-Ikpe has expressed confidence that the bank will raise N500 billion to meet the Central Bank of Nigeria (CBN)'s recapitalisation policy requirement before the 2026 deadline.

June 21, 2024

Business·FEATURES

Why Fidelity Bank Began Recapitalisation Before CBN Directive – Executive Director Amuchie

As banks and other financial institutions begin to retool their strategies, in line with the reforms and policies of the Central Bank of Nigeria (CBN), in the banking sector, Stanley Amuchie, Executive Director, Chief Operations and Information Officer, Fidelity Bank PLC, in

June 17, 2024

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CBN - Page 6

Recapitalisation: Access Holdings Begins N351bn Right Rights Issue July 8

Economic Expert Hails CBN For Stopping FX Price Verification System

Nigeria’s FX Reserves Rise To $34.14bn Amid World Bank Support

CBN: Strengthening Banks And The Financial System

CBN Revises Guidelines For Foreign Currency Deposits

Nigeria’s External Reserves Rises To $34bn, Highest Since March

Import: CBN Stops Price Verification System For Form M

CBN Announces Measures To Tackle Inflation As Reforms Attract $24bn Inflow

Our Capital Raise Will Spur Growth Of Businesses, Boost Economy – Fidelity Bank MD, Onyeali-Ikpe

Why Fidelity Bank Began Recapitalisation Before CBN Directive – Executive Director Amuchie

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