CBN Reveals Fresh FX Intervention   In continuation of its intervention in the interbank foreign exchange market, the Central Bank of Nigeria (CBN) on Friday, injected the sum of $242.04million into the retail Secondary Market Intervention Sales (SMIS) and CNY 32.3million in the spot and short...

Banks’Non-performing Loans Decline To 9% – CBN   The non-performing loans of the banks fell by six per cent from 15 per cent in June 2017 to nine per cent in May 2019, the Central Bank of Nigeria said. It stated that Capital Adequacy Ratio for the...

NSE Ready To Partner CBN On Banks’ Recapitalisation The Chief Executive Officer, Nigerian Stock Exchange, Mr Oscar Onyema, has said the Exchange is studying the pronouncement made by the Central Bank of Nigeria on the recapitalisation of banks to see how it can serve as...

Increase In Banks’ Capital Base May Not Help Businesses, Say Operators As welcome as the Central Bank of Nigeria (CBN’s) plan to recapitalise local banks to be in tune with current realities amid increases in exchange and inflation rates, such a move may not really...

In One Year, CBN Forex Intervention Hits $42.3bn Between April 2018 and March this year, the Central Bank of Nigeria injected over $42.3bn into the foreign exchange market to ensure liquidity in that segment of the economy. The $42.3bn was arrived at by our correspondent based...

CBN Disburses N607bn Agriculture Credit For 587 Projects The Central Bank of Nigeria has released a total of N607.87bn credit to selected Deposit Money Banks to disburse for 587 agricultural projects, latest figures from the CBN have shown. In its most recent economic report, the apex...