…as cash-strapped shareholders fail to snap offers The current recapitalization program embarked on by deposit money banks in the country to meet the mandatory new threshold...
The board meeting of Bank Directors Association of Nigeria (BDAN), taking place today is expected to end with a resolution that will either end or escalate...
The Central Bank of Nigeria (CBN) in a bid to reduce demand pressure in the FX market and promote price discovery undertook the sale of foreign...
Recent resumption of intervention by the Central Bank of Nigeria (CBN), is not making enough liquidity available to abate demand pressure in the nation’s foreign exchange...
There are growing concerns among economic and financial analysts that the newly proposed windfall tax on banks’ foreign exchange profits in 2023 may be sending a...
The Central Bank of Nigeria (CBN) monetary policy committee has raised the monetary policy rate (MPR) from 26.25 percent to 26.75 percent. The apex bank’s governor,...
The Central Bank of Nigeria (CBN) on Friday, directed all banks and other financial institutions to transfer all dormant accounts, unclaimed balances and other financial assets...
Nigeria’s currency, the naira, is expected to see some gains in the coming weeks following renewed determination of the Central Bank of Nigeria (CBN) to promote...
Arguments against continuous monetary policy tightening by the Central Bank of Nigeria (CBN), as a sure way of reining in inflation has received international boost, with...