Browsing: CBN

NOVA predicts NAFEX to hit ₦410 as dollar scarcity hinders repatriation. Nova Merchant Bank Limited has predicted that the Nigerian Autonomous Foreign Exchange rate could further weaken to N410 to a dollar.

Jaiz Bank Bolsters Performance as Profit Spikes 193% to ₦2.4Bn. Jaiz bank Plc, a premier non-interest banking financial service operator has revved up its performance, and raised the bottom line.

MPR Cut Positive for FG Borrowing Plan, Negative for inflation. Analysts have interpreted the Central Bank of Nigeria’s Monetary Policy Committee decision to cut rate as part of big plan to reduce the nation’s borrowing cost as budget deficits widened.

CBN adjusts timelines for reversals of complaints on electronic channels. The Central Bank of Nigeria (CBN) has adjusted timelines for reversals or resolution of refund complaints on electronic channels with effect from June 8.

Monetary Policy Committee cuts benchmark interest rate to 12.5%. Against investment banking analysts’ expectations, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Thursday cut the policy rate from 13.5% to 12.5%.

FX repatriation: CBN Governor assures investors of orderly exit

CBN, Bankers’ Committee ask Banks to halt lay-offs The Central Bank of Nigeria and the Bankers Committee have halted move…

Zenith Bank lifts first quarter earnings 6% to ₦166.8 billion

Contributions to COVID-19 relief fund now ₦27.160 billion – CBN

Central Bank of Nigeria lifts suspension on cheque clearing The Central Bank of Nigeria said it has lifted temporary suspension…