CBN’s N500bn Recapitalisation in Line with Global Economic Dynamic – NDIC The Nigeria Deposit Insurance Corporation (NDIC) has said the new Central Bank of Nigeria (CBN) policy which pegs the minimum capital for commercial banks at N500 billion was in line with current global economic...

CBN Slashes Interest rates on 1year Treasury Bill by 42.4% bps to 20.7% In the latest auction of Treasury bills on April 12, 2024, the Central Bank of Nigeria (CBN) successfully sold N951.83 billion worth of bills, representing a substantial 42% decline from the N1.64...

ABCON Backs CBN on Non-eligibility of Non-export Dom Accounts as Collateral for Naira Loans The Association of Bureau De Change Operators of Nigeria (ABCON) has expressed its support for the Central Bank of Nigeria (CBN)'s recent directive to cease the use of non-oil export domiciliary...

Naira Gains at Parallel Market, Exchanges for N1,150/$1 The value of the naira has strengthen at the parallel market on Thursday as the three-day public holiday was rounding up, selling around N1,150 to the dollar compared to N1,200 which it sold on Monday this week. According...

FG Pays N4.83tn of Ways and Means Advances – Wale Edun ‌ The federal government used part of the Nigerian Treasury Bills (NTBs) and Bonds issued in 2024 to pay down Ways and Means advances from the Central Bank of Nigeria (CBN) by N4.83 trillion, the...

Recapitalisation: Banks May Consider Huge Dividend Payment – Expert Some analysts are projecting that banks may incentivise their shareholders with jumbo dividend payouts ahead of their capital-raising endeavours to meet the new requirements of the Central Bank of Nigeria. In March, Nigeria’s apex bank issued a...