Shock as banks record huge profit amidst gloomy economy
•Earnings rise 132% to N11.7trn, as profit skyrockets 101.9% •Interest income nears N7trn •Credit to private sector declines 4.3% •Analysts warn of looming danger to economy
CBN sued over failure to ‘account for missing N100bn dirty notes, other public funds’
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) “over the failure to account for and explain the whereabouts of the over N100 billion ‘dirty and bad notes’ and ‘other large sum of cash awaiting examination’ which are kept in various branches of the CBN.”
CBN raises rate by 50 basis points to 26.75%
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate by 50 basis points from 26.25 per cent to 26.75 per cent.
Mixed sentiments trail equity market, as investors await CBN’s MPR
Mixed sentiments trailed the equity market last week as investors await the outcome of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) meeting
CBN targets $1trn economy by 2030
*Tells Senate better days ahead ABUJA-THEGovernor of Central Bank of Nigeria, CBN Olayemi Cardoso has assured Nigerians of better days ahead, just as he declared that the planned stability will make Nigeria hit $1trillion economy latest by 2030. Cardoso outlined the CBN’s mandate and provided an in-depth analysis of Nigeria’s economic performance, recent policy measures, […]
CBN sells $106.5m to authorised dealers in 2 days
The Central Bank of Nigeria (CBN) has stepped up its interventions in the foreign exchange market with a view to ensuring the stability of the naira exchange rate.
