Fitch Downgrades Union Bank’s Credit Rating Amid Capital Adequacy Concerns
Fitch Ratings has downgraded the long-term issuer default ratings (IDR) of Union Bank of Nigeria, citing concerns over the bank's ...
Tag: CBN
CBN Lowers Customs FX Rate for Cargo Clearance Following Naira’s Gains
The Central Bank of Nigeria (CBN) has reduced the foreign exchange (FX) rate for importers to clear goods at Nigerian ...
CBN Announces Job Vacancy for Director-General at West African Monetary Agency
The Central Bank of Nigeria (CBN) has announced an exciting job opportunity for qualified professionals, seeking to fill the position ...
Nine Companies Secure $25.76 Million in CBN’s Retail Dutch Auction for Loan Repayments
In a recent Retail Dutch Auction conducted by the Central Bank of Nigeria (CBN) on August 6, 2024, nine companies ...
Dangote Group Secures $105.33 Million in CBN’s Latest FX Auction
The Dangote Group has emerged as a significant player in the latest Retail Dutch Auction conducted by the Central Bank ...
CBN Clarifies Rules on Capital Importation Certificates for Forex Repatriation and Divestment
The Central Bank of Nigeria (CBN) has released a new circular providing clear guidelines on the procedures and documentation required ...
Naira Strengthens Amid CBN’s Dollar Injection as Official and Parallel Markets React
The Nigerian naira has experienced a significant strengthening in the official foreign exchange market, marking three consecutive days of appreciation. ...
CBN Conducts $876 Million Auction to Bolster Naira, Drops 12-Month Forex Policy
The Central Bank of Nigeria (CBN) has taken a significant step to stabilize the naira by auctioning $876.26 million to ...
Foreign Exchange Inflows Surge by 55% in First Half of 2024, Reaching $25.4 Billion
The Central Bank of Nigeria (CBN) has announced a remarkable 55% increase in net foreign exchange (FX) inflows, which reached ...
CBN Approves N700 Billion Bailout for Unity Bank-Providus Bank Merger
In a significant move to stabilize Nigeria's financial sector, the Central Bank of Nigeria (CBN) has approved a N700 billion ...
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