CBN Grants N40.67 Billion in Staff Loans Amid Financial Shifts
In its recently released audited financial statement for the year 2022, the Central Bank of Nigeria (CBN) announced that it ...
Tag: Financial Stability
DMO Extends Invitation to Nigerians: Subscribe to Savings Bonds at N1,000 per Unit
The Debt Management Office (DMO) of Nigeria has launched a window for subscription offers, enabling interested investors to participate in ...
NDIC Begins Depositors’ Payment after Bank License Revocations by CBN
In response to the recent revocation of licenses by the Central Bank of Nigeria (CBN), the Nigeria Deposit Insurance Corporation ...
States and Local Governments Witness a 27.62% Increase in Revenue Amid Economic Hardship.
In the first half of 2023, state and local governments in Nigeria received a total of N2.59tn from the federation ...
Swiss National Bank Reports 13.20 Billion Swiss Francs Loss in Second Quarter of 2023.
On Monday, the Swiss National Bank (SNB) announced a significant loss of 13.20 billion Swiss francs ($15.14 billion) in the ...
Currency Outside Banks Surges to N2.26tn by June 2023, Reports CBN.
In a recent report released by the Central Bank of Nigeria (CBN), currency outside banks in the country reached a ...
CBN Orders Removal of Post-No-Debit Restrictions on 440 Individuals and Businesses.
The Central Bank of Nigeria (CBN) has issued a directive to banks to remove the post-no-debit restrictions on the bank ...
Rising Borrowing Costs and Declining Growth in Nigerian Banking Industry.
The Central Bank of Nigeria (CBN) has reported a continued increase in borrowing costs and a decline in growth within ...
President Tinubu Defends Unified Foreign Exchange Rate for the Nation’s Benefit.
In a passionate defense of his administration's decision to introduce a unified foreign exchange rate, President Bola Tinubu stated that ...
FAAC Shares N786.161 Billion May 2023 Revenue to Federal, State, and Local Governments.
The Federation Account Allocation Committee (FAAC) has disbursed a total sum of N786.161 billion as May 2023 Federation Account Revenue ...
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