Nigerian banks urged to support SMEs growth
The Nigerian Senate has urged commercial banks in the country and sector regulator, the Central Bank of Nigeria (CBN),to support ...
Monday, April 13, 2026
Tag: CBN
Nigeria’s central bank bans overnight holding of forex purchased at interbank market
*Introduces new spread limit of N1… The Central Bank of Nigeria (CBN) has banned authorized dealers at the foreign exchange ...
Multiple bank charges rise on CBN endorsement as Nigerians pay on average N3.5bn monthly
As Nigeria’s National Assembly meet the Central Bank of Nigeria (CBN) and other banks in Africa’s largest economy over high ...
Fashola’s new directive on direct power purchase to ease Gencos’ liquidity
*Discos’ average market remittance still low at 33% The new policy directive to the Nigerian Electricity Regulatory Commission (NERC) by ...
Nigeria’s naira lost 99.7% value in 44 years
The Nigerian currency, the naira, has historically lost value of up to 99.7 percent relative to the United States dollar ...
Cash rules as Nigerian ATMs account for 58.9% transactions on e-payment channels
According to the research arm of First Bank of Nigeria, data gleaned from a new report series from the National ...
Falling oil revenues, CBN support for naira deplete reserves to $30.49bn
*Reserves fell 0.89% in a month Nigeria's foreign exchange reserves fell by 0.89 percent to $30.49Â billion on May 25, 2017 ...
Central bank to sell $100m at forward, spot forex auction
Nigeria's central bank said on Tuesday it will sell $100 million at a special wholesale spot and forwards auction to ...
High treasury bills yield rates crowding out real sector as lenders, investors look more to treasury market
The current returns on Federal Government bonds and treasury bills at between 13.6 percent and 18.5 percent are serving as ...
Musings on the 2017 Budget
By Anthony Aziegbemi, PhD, Econs The 2017 Budget, known as the budget of growth and recovery is designed not only ...
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