CBN – Page 4 of 14 – Prime Business Africa

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

Emmanuel Ochayi

5 months ago

Inflation Control: CBN Governor Defends Interest Rate Hike As Crucial For Economic Stability

Business·Latest 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

Emmanuel Ochayi

5 months ago

Moghalu Highlights How Trump’s Presidency Will Affect African Economies

Business·Latest 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.

Victor Ezeja

6 months ago

Business·Latest 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

Victor Ezeja

6 months ago

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

Etim Etim

6 months ago

Business·Latest 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,

Victor Ezeja

6 months ago

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

Victor Ezeja

6 months ago

Business·Latest 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,

Emmanuel Ochayi

6 months ago

Business·Latest 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

Emmanuel Ochayi

6 months ago

CBN’s FX Market Intervention Falls Short As Naira Struggles To Gain Ground

Business·Latest News·Markets

Nigeria’s FX Reserves Rise By $535m In 28 Days Amidst Market Volatility

Nigeria’s foreign exchange (FX) reserves have shown a notable increase of approximately $535 million in just under a month, highlighting a positive trend amidst ongoing economic uncertainties. According to recent data from

Emmanuel Ochayi

6 months ago

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CBN - Page 4

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

Nigeria’s FX Reserves Rise By $535m In 28 Days Amidst Market Volatility

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