Nigeria’s Balance of Payments deteriorates to $4.5b – CBN
The Central Bank of Nigeria (CBN) yesterday said that the nation’s Balance of Payments deteriorated to deficit of $4.5 billion in the third quarter of the year (Q3’18) from $503 million surplus in the second quarter of the year (Q2’18).
CBN extends uniform bank account number to OFIs
The Central Bank of Nigeria (CBN) has extended the Nigerian Uniform Bank Account Number (NUBAN) scheme meant for banks to Other Financial Institutions (OFIs).
CBN tasks market participants on integrity, transparency
THE Central Bank of Nigeria, CBN, has called on capital and money market participants to act with integrity, transparency and be non-discriminatory to be able to attract investors that would help boost the economy.
CBN uses N848bn to mop up excess cash in banks
THE moderation in cost of funds in the interbank money market is expected to persist this week in response to N376 billion inflow from maturing treasury bills (TBs). Last week, the Central Bank of Nigeria (CBN) mopped up N517.61 billion via secondary market (Open Market Operations, OMO) TBs auction.
Breaking: Two banks, HSBC, UBS close their offices in Nigeria
Report from the Central Bank of Nigeria, CBN, has revealed that two global giant banks, HSBC and UBS have closed their respective offices and shut down operations in Nigeria.
CBN cuts GDP growth rate to 1.75%; indicates more inflationary pressures
The Central Bank of Nigeria (CBN) has reduced the nation’s Gross Domestic Product (GDP) growth rate projection to 1.75 per cent for full year 2018, significantly below both Federal Government and the International Monetary Funds, IMF, projections.
CBN injects $337.16m, 56.17m CNY into retail Secondary Market Intervention Sales
The Central Bank of Nigeria (CBN) on Friday said it injected 337.16 million dollars in the retail Secondary Market Intervention Sales (SMIS) in its first intervention in the inter-bank foreign market for November.
3 banks fail CBN’s liquidity ratio requirement
Three banks failed to meet the 30 percent liquidity ratio requirement of the Central Bank of Nigeria, CBN, even as investigations revealed prevalence of major foreign exchange malpractices in the banking industry.
CBN introduces financial literacy in school curriculum
AKURE—THE Central Bank of Nigeria, CBN, yesterday said it has introduced financial literacy programme into the curriculum of secondary schools in the country.
Over N863b Subsidy: Senate Gives FG one week to meet with CBN, DMO, Stakeholders, Oil Marketers
ABUJA- THE Senate, Wednesday expressed its disappointment over Federal government’s inability to settle the outstanding subsidy payment that now stands at over N863 billion, with tendency to go beyond that if not paid.
CBN issues Code of Corporate Governance to BDCs
THE Central Bank of Nigeria, CBN, in a bid to further strengthen financial institutions and reposition them to perform their statutory roles, has issued a new Code of Corporate Governance for Bureau De Changes (BDCs) in the country.
