CBN Loans N3tn to Banks in One Week – Afrinvest Nigerian banks and discount houses borrowed N3tn from the Central Bank of Nigeria through the Standing Lending Facility within a week, according to a report by Afrinvest Research. The lenders and discount houses, however, deposited N493.6bn...

CBN, NDIC, Others to Discuss Bank Recapitalisation at Summit The Nigeria Deposit Insurance Corporation (NDIC) the Central Bank of Nigeria (CBN) the Bank of Industry (BoI) the United Bank for Africa, Access Holdings Plc, and other financial institutions will be discussing the impact of the...

Economic Activities Expand First Time in 13 Months to 50.2 index points – Report  The latest Purchasing Manager’s Index released by the Central Bank of Nigeria has indicated that economic activities expanded in August for the first time in 13 months. The PMI published by the...

Banks’ Deposits With CBN Now N3.42trn - Report The deposits of banks with the Central Bank of Nigeria ( CBN) hit a weekly high of N3.42tn at the end of last week. This followed the announcement of the operationalisation of the Standing Deposit Facility asymmetric corridor...

Nigeria's External Debt Servicing Rises To $2.78bn   Nigeria’s debt servicing in the first seven months of this year rose by 53.63 per cent, or $971.47m, to $2.78bn, up from the $1.81bn recorded in the same period in 2023. This was disclosed in the Weekly International Payments...

CBN,NDIC, SEC Partner To Simplify Bank Recapitalisation The Central Bank of Nigeria (CBN) the Securities and Exchange Commission (SEC) and the Nigeria Deposit Insurance Corporation (NDIC) have joined forces to streamline the bank recapitalisation process, aiming to enhance efficiency and transparency within the financial sector. In...