Browsing: CBN

CBN injects $292.34 million into retail Secondary Market. The Central Bank of Nigeria (CBN) has injected the sum of 292.34 million dollars into the retail Secondary Market Intervention Sales (SMIS).

CBN’s waiver on milk imports to ease pressure on food inflation. Tellimer’s equity research analyst, Nkemdilim Nwadialor, has said that the Central Bank of Nigeria’s waiver on milk imports would ease pressure on food inflation.

Slack revenues: FG records N1.14 trillion deficits in Q4 2019. On the back of dwindling revenues, the Central Bank of Nigeria has revealed in its economic report that Federal Government’s total expenditure was more than total receipts by about N1.4 trillion in the fourth quarter (Q4) of 2019.

Law firm tasks CBN on CIFI, seeks funding for Photographers, Dancers other artists. Banwo & Ighodalo , a leading law firm, has asked the Central Bank of Nigeria’s (CBN) to

M&A: Investment firm places Unity, Heritage, Keystone Bank on watch list

Naira stands as robust liquidity keeps money market rates single. Despite the sloppy external reserve movement, Naira remains stable at the foreign exchange market in the past week.

FCMB tops Q4 profit estimate as lender cuts impairment charge

Sterling Bank after tax profit jumps 9.4% amid increase regulation. Despite an increased regulation that defines the banking sector operation in the second half of 2019, Sterling bank Plc bolstered performance as both top and bottom line expanded.

Analysts Lower Estimates for Banks as Regulatory Risks Escalate. Analysts covering the Nigerian Banks have started adjusting their estimate on lenders earnings expectations for the year on a dim outlook.

Rising inflation ruffles analysts, predict end to lower rate era. Analysts are unsettled as headline inflation continues to rise, the situation that pundits have attributed to both monetary and fiscal authorities policy somersault.