Bank Loans to Manufacturers Drops by N2.17trn
Manufacturers have sharply reduced their exposu re to bank loans in the past year, repaying an estimated N2.17tn as high interest rates and rising operating costs weigh on the sector.
Figures from the Central Bank of Nigeria’s latest quarterly...
Bank Recapitalisation Will Boost Capital Market - Senator Izunaso
The new minimum capital requirements for banks operating in Nigeria, with the objective of ensuring a more safe, sound and stable banking ststem is a welcome development that will help strengthen the country's financial system in...
Bank Recapitalisation Will Boost Capital Market - Senator Izunaso
The new minimum capital requirements for banks operating in Nigeria, with the objective of ensuring a more safe, sound and stable banking ststem is a welcome development that will help strengthen the country's financial system in...
Forex: CBN Restates Position on Bank Usage of Revaluation Gains
The Central Bank of Nigeria (CBN) has recently restated its position on how banks are allowed to utilize their forex (FX) revaluation gains referencing a previous circular dated September 11, 2023.
The bank stated that FX...
Forex: CBN Restates Position on Bank Usage of Revaluation Gains
The Central Bank of Nigeria (CBN) has recently restated its position on how banks are allowed to utilize their forex (FX) revaluation gains referencing a previous circular dated September 11, 2023.
The bank stated that FX...
Bank of Ghana suspends FX trading Licences of two Nigerian Lenders
The Bank of Ghana has suspended the Foreign Exchange Trading Licences of Guaranty Trust Bank Ghana Limited (GTB) and FBN Bank Ghana Limited (FBN).
The suspension takes effect from March 18, 2024, and it will...
