Stiffer Measures to End Naira Spraying in Parties Coming as CBN Shifts Attention to Naira-Hawking Banks
The Central Bank of Nigeria (CBN) says it will heavily penalise deposit money banks (DMBs) found supporting the hawking of…
Category: Money Market
Sale Of Heritage Bank Assets Begins December 4, Says NDIC
The Nigeria Deposit Insurance Corporation (NDIC) says the sale of Heritage Bank’s assets will begin on December 4, 2024. This…
Seplat Energy Records Impressive Performance in Nine Months Report as Operating Profit Rises to N411.3bn
Seplat Energy PLC, a Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has…
CBN Sells $20,000 to Each BDC At ₦1,590/$
The apex bank said the forex would provide “additional liquidity to this segment of the foreign exchange market”. The Central…
CBN Tells Nigerians to Brace up for Cash Shortage, While Manufacturers to Suffer Fund Access Amid New MPR
The Central Bank of Nigeria has further raised its Monetary Policy Rate(MPR) by 50 basis points to 27.25 per cent…
CBN Sells $876.26m to 26 Banks at N1495/US$ for Retail Auction
The Central Bank of Nigeria (CBN) has sold $876.26m to end users whose bids were submitted by some 26 banks.…
CBN Merges Ailing Unity Bank Plc and the Providus Bank
The Central Bank of Nigeria (CBN) has given approval for a pivotal financial accommodation to support the proposed merger between…
CBN Sells Another $148m to Authorised Dealers at ₦1470.00 & ₦1510.00
The Central Bank of Nigeria has sold a cumulative amount of $148m to authorised dealers in the Nigerian Foreign Exchange…
Apex Bank Raises Interest Rate to 26.75% as Inflation Soars
The Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate (MPR), which measures interest rates by 50…