Central Bank of Nigeria
The fall continues as Foreign reserves shed $673.13m in two months
There is no respite for the naira as the country’s foreign reserves shed $673.13m, plunging from $36.57bn on June 1…
CBN’s July PMI in at 44.9 points, key sectors contract 3 months in a row
Charles Abuede Central Bank of Nigeria’s (CBN’s) July manufacturing Purchasing Managers’ Index, an economic measure of the prevailing trends…
CBN approves N50bn one-off seed fund to revamp Nigerian textile industry
By Omobayo Azeez The Central Bank of Nigeria (CBN) has approved N50 billion intervention fund for the revamping of Nigerian…
Only 22 Nigerian banks have restructured $20bn loans of 35,640 customers
Banking industry gross loans and advances increased by N3.33 billion to N18.9 trillion. Only 41 per cent has been restructured…
CBN directs banks to migrate to ISO20022; What benefits to customers?
By Charles Abuede The Central Bank of Nigeria (CBN) has directed financial institutions in Nigeria to begin the process leading…
Will the Central Bank of Nigeria pull the rate cut trigger?
As the coronavirus outbreak creates shockwaves across the globe, central banks and governments are enforcing emergency measures to defend their…
The Daily Newsletter
