Central Bank of Nigeria

Nigeria’s Access Bank takes 30% haircut on its 9Mobile loan, insists Etisalat UAE still has obligation

Nigeria’s Access Bank said Wednesday that it is taking a 30 percent haircut on its loan to troubled telecoms firm…

Nigeria’s interbank lending rate drops on liquidity injection

Nigeria’s overnight lending rate dropped to 12 percent Friday after spiking to almost 100 percent Wednesday due to a liquidity…

Central banks’ pursuit of inflation has turned Sisyphean, analysts call for its end

Central banks globally have spent years fruitlessly trying to awaken long-dormant inflation, and some analysts say it's time to stop…

Turnover in Nigeria fixed income, currency markets drop in July as CBN cuts back forex intervention

Transaction turnover in Nigeria’s fixed income and currency markets for the month of July 2017 amounted to ₦11.53 trillion, an…

Musings on Nigeria’s recent economic landscape from India

Asuri Vasudevan (Contributor) Vasudevan was Executive Director, Reserve Bank of India between 1996-2000.   Having worked in Abuja, Nigeria in…

China declares war on Ponzi schemes, fundraising ploys

Chinese police will strike hard against shady financial schemes because of the risk of social unrest from such fundraising ploys,…

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