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- 22 March, 2023
Nigerian banks’ assets rise by N10tn, hit N66tn
The Central Bank of Nigeria’s most recent statistics show that between August 2021 and August 2022, the assets of Nigerian banks increased by N10 trillion,
Mr President: CBN Has My Backing to Redesign, Replace Naira Notes
President Muhammadu Buhari has reacted to the plan by the Central Bank of Nigeria ( CBN) to redesign and replace N1,000, N500 and N200 notes,
Equities: Amid sell-offs, investors purchased 938 million shares for N16.7 billion
At the end of trading last week, equity investors traded 938.020 million shares worth N16.701 billion in 15,700 deals, despite the overwhelming unfavorable emotions that
Moody places 9 Banks’ Ratings on review for downgrade
One of the top credit rating agencies, Moody’s Investors Service, yesterday announced that it has put on review for downgrade the long-term deposit ratings, as
Wema Bank Emerges Best Performing Bank in H1 2022
With a weighted average score of 2.83 points, Nigeria’s most creative bank, Wema Bank Plc, outperformed 12 other banks to take the top spot in
CBN Prohibits Foreign Banks From Collecting Deposits
Foreign banks operating in Nigeria are no longer permitted to accept deposits domestically, according to the Central Bank of Nigeria (CBN). The CBN Director of
CBN Is Devoted To Enhancing SMEs’ Financial Standing
According to the Central Bank of Nigeria (CBN), it is dedicated to launching programs and policies that will help SMEs in Nigeria. This was said
CBN grant Xpress Payments mobile money license
The Central Bank of Nigeria has granted Xpress Payments, a subsidiary of Xpress Holdings Limited, a license to operate a mobile money operator. The license,
The CBN Deducts N838 billion From 15 Nigerian Banks As Cash Reserve Ratio(CRR) Deductions
Nigerian banks parted with a sum of N838 billion in CRR debits from the Central Bank of Nigeria (CBN) following the latter’s move to mop
Nigeria’s GDP Will Expand By 3.4 In 2022, According To CBN
Despite the economy’s prospects, the Central Bank of Nigeria (CBN) has advised Nigerians to hold onto optimism because predictions from three fiscal and monetary agencies
