CBN Releases N38bn Loans To Mortgage Banks
The Central Bank of Nigeria (CBN) disbursed loans and advances worth N37.6bn to mortgage banks in 2022; the audited financial statement of the apex bank has shown.
The mortgage banks that received the loans from the CBN include the...
Naira Redesign, Others Gulped N74bn In 2022, Says CBN
It cost the Central Bank of Nigeria (CBN) and its subsidiary about N74.84bn to produce and roll out currencies, including new naira notes, in 2022.
Despite the scarcity of naira that plagued the country in the latter...
Naira Trades 845/dollar at Parallel Market Today
The naira rebounded against the United States dollar at the parallel market, closing at 850/dollar on Wednesday.
This came about two days after the Central Bank of Nigeria announced its planned intervention in the foreign exchange market.
The naira was...
Explainer: What you need to know about NNPC Ltd's $3 billion Emergency Crude Repayment Loan from Afrexim Bank
1. What is the $3 billion loan about?
The NNPC Ltd. secured an emergency $3 billion crude oil repayment loan from AFREXIM Bank. This is not a crude-for-refined...
NNPC Secures $3bn Afreximbank’s Loan To Stabilise Naira
The Nigerian National Petroleum Corporation (NNPC) Limited said it had secured a $3 billion crude repayment loan to halt the further slump of Naira against the Dollar at the foreign exchange market.
The company disclosed this on Wednesday...
How Pension Funds’ Investment In Equities Rose To N1.4trn In Q1, 2023
The Net Asset Value, NAV, of Pension Fund Administrators (PFAs) investments in equities has risen by 36.6 % to N1.460 trillion at the end of first half 2023, HI’23, from N1.069 trillion in...
