Nigerian banks’ loans to private sector declined by 11.93 per cent in March amid rising interest rates. Data from the Central Bank of Nigeria, CBN, showed that loans to the private sector dropped to N71.21 trillion at the end of…
…As CBN exempts 16 transactions …SERAP alleges levy violates constitution, human rights regulations Global financial advisory and tax firm, Andersen in Nigeria, has described the introduction of the National Cybersecurity levy as ill-timed. The global firm noted that the new…
The Federal Government of Nigeria received an additional N3.8 trillion in what appears to be fresh Ways and Means Borrowing in the last six months of 2023. This is according to provisional data published in the latest Statistics bulletin for…
The Central Bank of Nigeria has said it is all out to tackle rising inflation in Nigeria. The acting director of the Banking Supervision Department of CBN, Dr Adetona Adedeji, disclosed this on Friday on the bank’s second episode of…
The Central Bank of Nigeria says a notice circulating on social media about the risk of cryptocurrency is fake news. The Apex disclosed this via its official X account, urging the public to disregard the purported notice for all Deposits…
The Central Bank of Nigeria has approved the sale of an additional $10,000 each to 1,583 eligible Bureaux De Change (BDCs) in the country to meet market demands. The Director, Trade and Exchange Department of the CBN, Dr Hassan Mahmud,…
The Central Bank of Nigeria has resumed the sale of foreign exchange to Bureau De Change operators. In this latest move, the apex bank is selling to them at an exchange rate of N1,021 per dollar. Additionally, the CBN has…
The Institute of Chartered Accountants of Nigeria has called on the Central Bank of Nigeria to reconsider its exclusion of retained earnings as part of the capital base of banks. This was disclosed in its position paper on the new…
…Reflects on lessons learned in first six months as CBN boss …As CBN, Ministry of Finance forge strong alliance to combat inflation By Sodiq Adelakun The Governor of the Central Bank of Nigeria, Mr. Yemi Cardoso has clarified the stance…
A financial expert, Mr Eddie Osarenkhoe, has advised the Federal Government to align its fiscal policy with the Central Bank of Nigeria’s monetary policy to achieve economic stability. Osarenkhoe, the immediate past President of Finance Houses Association of Nigeria (FHAN),…
