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CBN directs banks to migrate to new standards for electronic messaging by November 2022

The Central Bank of Nigeria (CBN) on Tuesday directed all financial institutions…

3 Min Read

World Bank to decide on Nigeria’s $1.5bn budget support August 6

The World Bank’s Executive Board will decide on $1.5bn budget support for…

4 Min Read

Why CBN’s new guideline may suffer setback in microfinance bank sub-sector

The implementation new loan recovery guideline called Global Standing Instruction (GSI) issued…

Naira falls to N471.66k on black market

Nigeria's currency on Monday weakened by N2.66k as the dollar was sold…

2 Min Read

UPDATED: CBN considers up to 65% forbearance for bank customers

The Central Bank of Nigeria (CBN) said on Monday that it would…

6 Min Read

CBN announces establishment of N15trn infrastructure development company

The Central Bank of Nigeria (CBN) on Monday announced a plan to…

1 Min Read

Moody’s affirms Afreximbank’s credit rating at stable outlook

Moody’s, the global credit ratings agency, on Tuesday, affirmed African Export-Import Bank's…

2 Min Read

FX turnover declines by 63.73% as Naira weakens across market 

The daily foreign exchange turnover at the Investors and Exporters (I&E) declined…

3 Min Read
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