Economic expansion persists but at slower pace — CBN
Central Bank of Nigeria, CBN, yesterday, released its Purchasing Managers Index (PMI) Report for May, 2018 which indicated that though economic expansion persisted for the fourteenth month in manufacturing and non-manufacturing sectors, the rate of expansion has slowed down.
Nigeria spends $36.3bn on fuel importation in 5 years — CBN
CENTRAL Bank of Nigeria, CBN, yesterday, disclosed that the sum of $119.409billion was spent on the importation of commodities into the country in five years.
Money laundering: New sanction regime will enhance public confidence-MfB operators
MICROFINANCE banks’ operators have commended the new Anti Money Laundering/Counter Financing Terrorism (AML/CFT) sanction regime saying it will enhance public confidence in the banking system.
Excess liquidity to persist as TBs record N808bn oversubscription
THE challenge of excess liquidity in the interbank money market will persist this week following over-subscription of N808 billion recorded in treasury bills offers last week.
Mixed reactions trail CBN’s move to sanction bank CEOs
Shareholders have expressed mixed reactions to plans by the Central Bank of Nigeria (CBN) to sanction Chief Executive Officers (CEOs) of banks that fail to submit audited results of their banks after 12 months.
CBN swaps $2.5b with China
The Central Bank of Nigeria (CBN) has executed a $2. 5 billion bilateral currency swap agreement with the Peoples Bank of China (PBoC).
