Browsing: Central Bank of Nigeria

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

‘Naira: Weaken FX futures contracts reflect appropriate currency risk’

CBN extends MFBs’ recapitalisation deadline on economic concern

CBN begins FX Sales, says it has capacity to meet legitimate needs

Contribution to COVID-19 relief fund hits ₦15 billion, says CBN. The Central Bank of Nigeria (CBN) on Wednesday said that monetary contributions to its relief fund under the auspices of Private Sector Coalition Against COVID-19 (CACOVID) stood at ₦15 billion.

FX: Weaker fundamentals may force currency repricing in 2020 – Cardinalstone. On the back of latest developments in the global economy, analysts at Cardinalstone Partners Limited have said that the weaker fundamentals may force currency repricing in 2020.

CBN tightens regulation on MFBs, recommend ban on speculative, FX activities . The Central Bank of Nigeria has issued the revised supervisory and regulatory guidelines for micro finance banks in Nigeria to support the development and sustainability of the sector.

SEC generates N194.48million from penalties The Securities and Exchange Commission, SEC, has said it generated N194.48 million from penalties in…

FX: CBN sells $10bn to defend Naira in fourth quarter of 2019. The apex bank in the country has said it sold the total sum of US$9.98 billion to authorised currencies dealers in the fourth quarter of 2019.

CBN launch 5-Year Contracts to boost FX inflow as average T-Bill yields drop. The Central Bank of Nigeria has introduced forty seven new monthly future contracts to boost foreign exchange inflows.