Tag: Central Bank of Nigeria
We Plan To Raise Our Capital Base To ₦100bn In 2026...
Vibrant financial institution, Jaiz Bank Plc has announced plans to raise its capital base to a minimum of ₦100 billion within the next one...
CBN To Nigerians: Report Banks Supplying Naira Notes To Sellers At...
The Central Bank of Nigeria(CBN) has challenged Nigerians to join the fight against hawking or selling of new naira notes at parties and other...
How Nigeria’s Foreign Direct Investments Crashed By 70% In Three Months
Foreign Direct Investments into Nigeria dropped sharply by 70.06 per cent quarter-on-quarter to $126.29m in the first quarter of 2025, down from $421.88m recorded...
CBN’s Anchor Borrowers’ Program Not Impactful – Nigerian Farmers
The National President of the All Farmers Association of Nigeria, Kabir Kebram, has described the Central Bank of Nigeria’s Anchor Borrowers’ Programme as a...
CBN Identifies Why Interest Rate Remains High
The Central Bank of Nigeria has explained why interest rates remain elevated, insisting that the monetary policy stance reflects not just a fight against...
CBN Report Says Nigerians Spent Over $3.6bn Annually On Foreign Healthcare...
Nigerians spent at least $29.29bn on foreign medical expenses during the eight years of former President Muhammadu Buhari’s administration.
This translates to an annual...
Excessive Bank Charges: Customers Petition CBN
The Bank Customers Association of Nigeria has revealed that it has written to the Central Bank of Nigeria about the charges being deducted from...
New Stability Measure: CBN Halts Dividends, Bonuses For Select Banks
The Central Bank of Nigeria (CBN) has introduced temporary restrictions on the payment of dividends and bonuses by a small group of banks as...
CBN Reveals How Debt Servicing Gulped ₦696bn In January
The Federal Government’s precarious fiscal position worsened in January 2025 as debt servicing obligations exceeded total retained revenue by a wide margin, data from...
Relief As NDIC Begins Payment Of ₦46bn To Defunct Heritage Bank...
The Nigeria Deposit Insurance Corporation has started payment of ₦46.6 billion in liquidation dividends to depositors of the defunct Heritage Bank.
This was contained in...
