Nigeria’s Exchange Rate Gap Narrows as CBN Boosts FX Inflows to $6 Billion Monthly
The Central Bank of Nigeria (CBN) has significantly narrowed the exchange rate gap between the official and parallel markets, with ...
Tag: CBN
Nigeria’s Foreign Direct Investment Falls 19% to $250 Million in Q1 2025, Central Bank Reports
Nigeria’s foreign direct investment (FDI) decreased by 19.35% in the first quarter of 2025, dropping to $250 million from $310 ...
Tight Liquidity Threatens Nigerian Banks Amid CBN’s 50% Reserve Policy – Report
A new report by Renaissance Capital has raised alarm over a deepening liquidity crisis in Nigeria’s banking sector, following the ...
CBN Directive: Major Nigerian Banks May Suspend Dividends Until 2028, Says Rencap
A new Renaissance Capital (Rencap) report, “Nigerian Banks, Cash is King,” has highlighted the significant forbearance loan exposures of several ...
CBN Tightens Oversight on Forbearance-Affected Banks to Bolster Financial Stability
The Central Bank of Nigeria (CBN) has placed banks still operating under forbearance measures under stringent supervision to strengthen the ...
CBN Crackdown: Nigerian Banks Face Dividend Freeze Until 2028
A recent Renaissance Capital (Rencap) research note, titled “Nigerian Banks, Cash is King,” has shed light on the significant exposure ...
Nigerian Banks Brace for Profit Squeeze as CBN Phases Out Forbearance Measures
The Central Bank of Nigeria (CBN) has initiated a gradual rollback of forbearance measures introduced during the COVID-19 pandemic, signaling ...
CBN Stands Firm on BDC Recapitalisation Deadline, Rejects Extension Rumors
The Central Bank of Nigeria (CBN) has categorically dismissed reports suggesting an extension of the recapitalisation deadline for Bureau De ...
NDIC Begins Payout of Premier Commercial Bank Liquidation Dividends After 25 Years
The Nigeria Deposit Insurance Commission (NDIC) has started distributing liquidation dividends to creditors of Premier Commercial Bank, which was closed ...
Energy Costs Blamed as Primary Driver of Inflation, Says CBN Survey
The Central Bank of Nigeria (CBN) has revealed that businesses across the country overwhelmingly attribute Nigeria’s persistent inflation crisis to ...
Popular Story
FG Introduces Green Tax on High-Engine Vehicles from July 1 to Promote Cleaner Transport
Bitcoin Plunges to 16-Month Low Despite Trump’s Vocal Crypto Support
Tinubu’s Debt Dilemma: Nigeria’s Public Debt Hits N159.28 Trillion Amid Fresh Borrowing Surge
Stock Market Maintains Bullish Run as Investors Gain N1.36 Trillion in Four Days
FG Deductions Swallow 41% of N84 Trillion Revenue Starving States and LGs – World Bank
