CBN – Page 7 of 17 – Prime Business Africa

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

Monetary Policy Tightening May Not Curb Inflation- World Bank Warns CBN

The World Bank has cautioned that the Central Bank of Nigeria’s (CBN) aggressive monetary policy tightening may fail to control inflation and pose a significant risk to Nigeria’s economic growth. This warning was issued in the World Bank’s latest Global Economic Prospects

June 13, 2024

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Business·News

Currency In Circulation Hits N3.97trn In May

The value of currency in circulation in Nigeria has reached a historic high of N3.97 trillion at the end of May, marking a 1.07 per cent increase over the previous month. This data, released on the Central Bank of Nigeria (CBN) website

June 11, 2024

Business·News

Nigeria’s Debt Servicing Rises To $2.2bn In 5 Months- CBN Reveals As Fx Crisis Persists

Nigeria’s debt servicing cost soared to about $2.2 billion in the first five months of 2024, according to the latest data from the Central Bank of Nigeria (CBN). This figure represents nearly half of the $4.8 billion that Fitch Ratings projected for

June 11, 2024

Moghalu Highlights How Trump’s Presidency Will Affect African Economies

Business·News

Heritage Bank: Badly-managed Banks Must Not Get Lifetime Guarantee – Moghalu

Former deputy governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu, has stressed that banks, like other entities, are in business and liable to suffer the consequences of bad management.

June 7, 2024

Business·News

CBN Could’ve Saved Heritage Bank To Protect Depositors’ Funds – Economist

An economic analyst, Dr Wisdom Selekekeme Krokeyi, has stated that although the Central Bank of Nigeria (CBN)’s action of revoking Heritage Bank’s licence was in line with its mandate of ensuring financial stability in the system, it could have saved the bank

June 6, 2024

NDIC Begins Payment Of ₦46.6bn To Heritage Bank Depositors

Business·Opinion

Heritage Bank: What You Didn’t Know

Many Nigerians were caught unawares by yesterday’s revocation of the license of Heritage Bank by the CBN, but among many industry operators, it was widely known

June 6, 2024

Business·News

Why CBN Revoked Heritage Bank’s Licence

The Central Bank of Nigeria (CBN) has revoked Heritage Bank’s operating licence, citing poor performance which threatens the financial system stability. In a statement released on Monday, signed by Hakama Sidi Ali, Acting Director, Corporate Communications, CBN, the apex bank said the

June 3, 2024

Finance & Economy

NACCIMA Faults CBN’s Monetary Policies, As Inflation Keeps Rising

National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dele Kelvin Oye, has observed that the current Monetary policies adopted by the Central Bank of Nigeria (CBN) are not effective in addressing the prevailing economic challenges,

May 28, 2024

Business·News

CBN’s Independence Under Threat As Senate Proposes Amendments

The Nigerian Senate’s proposed amendments to the Central Bank of Nigeria (CBN) Act of 2007 have sparked a heated debate. The amendments, which aim to introduce stricter controls over the CBN’s operations, have raised concerns among economists and business leaders, including the

May 26, 2024

Don't Japa- Cardoso Urges Nigerian Youths To Stay, Build The Nation Despite Economic Reforms

Business·News

Nigeria Records 136% of 2023 FX Inflow In First 3 Months Of 2024 – Cardoso Reveals

The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has revealed a significant increase in foreign exchange (FX) inflows in the first quarter of 2024, marking a 136% rise compared to the total inflows recorded in 2023. This milestone

May 24, 2024

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CBN - Page 7

Monetary Policy Tightening May Not Curb Inflation- World Bank Warns CBN

Currency In Circulation Hits N3.97trn In May

Nigeria’s Debt Servicing Rises To $2.2bn In 5 Months- CBN Reveals As Fx Crisis Persists

Heritage Bank: Badly-managed Banks Must Not Get Lifetime Guarantee – Moghalu

CBN Could’ve Saved Heritage Bank To Protect Depositors’ Funds – Economist

Heritage Bank: What You Didn’t Know

Why CBN Revoked Heritage Bank’s Licence

NACCIMA Faults CBN’s Monetary Policies, As Inflation Keeps Rising

CBN’s Independence Under Threat As Senate Proposes Amendments

Nigeria Records 136% of 2023 FX Inflow In First 3 Months Of 2024 – Cardoso Reveals

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