Otedola Invests ₦320bn in First Bank, Citing Tinubu and CBN Reforms
Billionaire businessman and Chairman of First Holdco Plc, Femi Otedola, has revealed that his decision to invest over ₦320 billion ...
Tag: CBN
CBN Sets 12-Month Deadline for New AI-Driven AML Rules
The Central Bank of Nigeria (CBN) has unveiled a draft framework aimed at revolutionizing the nation’s approach to anti-money laundering ...
Naira Strengthens Amid FX Stability and Monetary Reforms
The Nigerian naira showed continued strength this week, appreciating to N1,625/$1 on the parallel market on Wednesday, slightly up from ...
Mounting Concerns as CBN Maintains Interest Rate at 27.5%
Amid ongoing economic instability and global trade tensions, the Central Bank of Nigeria (CBN) has decided to retain its benchmark ...
CBN Holds Interest Rate Steady at 27.5%, Retains Other Key Monetary Tools
The Central Bank of Nigeria (CBN) has chosen to maintain its benchmark interest rate, the Monetary Policy Rate (MPR), at ...
Naira Strengthens Slightly to ₦1,597/$ Ahead of Key CBN Policy Meeting
Nigeria’s currency, the naira, recorded a slight gain on Monday, appreciating to ₦1,597 per US dollar at the official exchange ...
CBN Assures Nigerians of Banking Sector Stability Amid Speculations
The Central Bank of Nigeria (CBN) has reaffirmed the strength and safety of the nation’s banking sector, dispelling concerns sparked ...
CBN Cuts Federal Government Loans by Over ₦4 Trillion Amid Fiscal Reforms
The Central Bank of Nigeria (CBN) has significantly scaled back its lending to the Federal Government, slashing net loans and ...
CBN Bolsters Non-Oil Export Strategy Amid Oil Price Slump
With global crude oil prices dipping below expectations, the Central Bank of Nigeria (CBN) has intensified efforts to diversify the ...
CBN Launches Diaspora BVN Platform, Targets $1 Billion Monthly Remittances
The Central Bank of Nigeria (CBN), in partnership with the Nigeria Inter-Bank Settlement System (NIBSS), has unveiled a new digital ...
