Browsing: Central Bank of Nigeria

Fitch Ratings Estimates 31% Debt to GDP for Nigeria. Fitch Ratings has projected 30.7% debt to gross domestic product (GDP) for Nigeria in 2020, the data is contained in a special report on Sub-Saharan Africa.

Nigerian Banks Will Not Remain Resilient in Performance – FSDH. FSDH Merchant Bank has stated that it expects aftermath of COVID-19 economic slowdown to weigh on Nigerian Banks.

Yields Plunge in Treasury Bills Market amid Excess Liquidity. Yields on government instruments trend lower in the secondary Treasury Bills market last week as Central Bank refinanced matured instrument worth ₦59.37 billion via primary market.

Naira Depreciates Against Dollar at Investors and Exporters Window. As global oil prices moderate in the week, Naira depreciates against dollar at the Investors and Exporters foreign exchange window.

Ahead of the rescheduled Monetary Policy Committee meeting of the Central Bank of Nigeria, Meristem Securities, Vetiva and others have predicted that the policy rates would be maintained.

CBN FX Adjustment Put Banks Minimum Capital Base below $70 Million. The Central Bank of Nigeria recent foreign exchange (FX) adjustment has rub off on capital position of banks, as a result experts are expecting capital raise for operators.

In line with analysts’ projections, the nation’s reported an increase in general (average) price level for April. The National Bureau of Statistics (NBS) says the Consumer Price Index (CPI), which measures inflation, increased by 12.34 percent in April 2020.

Emefiele woos conglomerates to help boost economy Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has urged industrial…

Access Bank Plc, Nigeria’s largest bank by total assets is in dilemma. As the group’s operating expenses skyrocketed after its successful merger and acquisition deal, empathy and capitalism is at war in the lender’s domain.

FCMB Plc said it will restructure about half of its loan portfolio as the group sustains uptrend performance