The Central Bank of Nigeria (CBN) has assured Nigerians that the current recession they are facing would end before the end of the year, even as it blamed overdependence on importation for the problem.
As the Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) begins today, there are expectations that the policymakers will retain previous decisions to ensure deepening of effects.
Raised from zero digit in 2012, Jaiz Bank Plc continued to sustain its fare share in the market with money deposits now put at N60billion as at June this year.
Justice Chuka Obiozor of the Federal High Court, Lagos, yesterday ordered some commercial banks in the country to temporarily remit a total of $793,200,000 to the Federal Government.
Inlaks, Financial Technology (Fintech) solutions provider in Nigeria and Sub-Saharan Africa is partnering with the Central Bank of Nigeria (CBN) to deploy a single core and agent banking solution for almost 1000 Microfinance Banks (MFBs) in Nigeria.
Concerned that many operators in the real sector may be facing peculiar challenges that may not be addressed through sector-wide interventions, the Federal Government and Bank of Industry...
Crude oil and non-oil income has cut Nigeria’s gross federally collected revenue in May 2017 by 13.42 per cent to N458.42 billion. Specifically, Nigeria’s crude oil earnings decreased from the N292.82 billion it recorded in February to N238.09 billion in May.
Nigeria’s journey out of recession is on course although at snail speed. This hope has been boosted by the further drop in inflation rate, fifth in a row, as at June 30, 2017.
The Lagos division of the National Industrial Court has adjourned till December 13, 2017 for hearing in a suit filed by ex-bankers, who were disengaged following the 2006 banking sector restructure.
The Central Bank of Nigeria (CBN) on Monday, intervened in inter-bank Foreign Exchange Market with the supply of 195 million dollars as part of effort to stabilise the market.
What we are trying to do is to diversify. Nigeria is highly concentrated and we’re dependent on oil for foreign exchange, we’re dependent on government for employment, and we’re dependent on a few things for most of our needs.
To address this, the CBN and other regulators in the financial ecosystem, according to her, adopted a programme, which emphasised consumer protection and financial literacy.