CBN Sells N676.65 Billion in OMO Bills at 21% Interest Rate
The Central Bank of Nigeria (CBN) recently conducted an Open Market Operation (OMO) auction, selling a total of N676.65 billion […]
African Business News
CBN
Naira Appreciates Against Dollar: CBN Policies Boost Exchange Rate
The Nigerian naira has been on a winning streak against the United States dollar, much to the delight of Nigerians.
Capital Raise by CBN to Fortify Banking Sector Resilience
Yemi Odusanya, a former Executive Director at Keystone Bank, believes that the recent capital raise by the Central Bank of
African Business News
CBN Removes Limits on PAPSS Transactions to Boost Intra-Africa Trade
The Central Bank of Nigeria (CBN) has made a significant move to boost trade and payment services transactions on the
CBN to Monitor Nigerian Banking Sector Recapitalisation to Prevent Illicit Financing
The Central Bank of Nigeria is taking a proactive approach to monitor the recapitalization of the Nigerian banking sector in
African Business News
CBN Raises Minimum Capital Requirements for Banks, Sparking Bank Merger Talks
Bank mergers are on the horizon in Nigeria, as the Central Bank of Nigeria (CBN) has recently announced a significant
CBN raises minimum capital requirements for banks
March 28, 2024 The Central Bank of Nigeria (CBN) has unveiled a significant increase in minimum capital requirements for all banks operating
CBN’s Monetary Policy Rate Increase Won’t Boost Economy: Ex-CBN Director
Former Central Bank of Nigeria Research Director, Dr. Titus Okunrounmu, has expressed skepticism about the effectiveness of the continuous increase
Nigeria’s Economic Resilience: IMPI Commends Fiscal and Monetary Policy Authorities
The Independent Media and Policy Initiative (IMPI) has praised the fiscal and monetary authorities in Nigeria for their efforts to
Naira Appreciation Continues: Hits N1,290 per USD Amid CBN Interest Rate Hike
The Nigerian Naira’s strength against the US dollar continued to soar on Monday, reaching an impressive exchange rate of N1,290