CBN Reaffirms Commitment to Provide Liquidity Support to FX Markets
The CBN’s policy objectives are yielding tangible results and bolstering market confidence. Net foreign exchange flows rose to $25.4 billion between January and June, marking...
Category : Banking and Finance
Why CBN Approved Financial Accommodation For Unity Bank and Providus Bank Merger
Apparently justifying its different course of action compared to the one it took in the case of Heritage Bank, the Central Bank stressed that "no...
Access Bank Named Best Bank (Nigeria), Best Bank ESG (Ghana) at 2024 Euromoney Awards
Also speaking on the awards, Olumide Olatunji, Managing Director of Access Bank Ghana, said, “Our commitment to sustainability is integral to everything we do at...
Again, CBN Sells $148m To 29 Authorised Dealers
The Central Bank of Nigeria (CBN) sold a cumulative amount of US$148m to Authorised Dealers in the Nigerian Foreign Exchange Market (NFEM) to provide liquidity...
CBN Act Amendment: Cutting the Head Off to Treat Headache?
By Dayo Omoogun There is palpable anger against the Emefiele regime that held sway at the Central Bank of Nigeria from June 2014 to June...
CBN Sells $20,000 to BDCs To Meet Invisible Transactions
The Central Bank of Nigeria has approved the sale of foreign exchange to eligible Bureau De Change (BDCs) to meet the demand for invisible transactions....
Tier-1 Banks Report 2024: Access Holdings Clinches Top Proshare Ranking
Access Holdings PLC has been named the leading Tier-1 Bank in the 2024 Proshare Bank Strength Index (PBSI) report. his is contained in a statement...
Interior Minister Calls for Synergy Between Agencies on Data Management
The Minister of Interior, Dr. Olubunmi Tunji- Ojo has called for the harmonization of the National Identification Number (NIN) and the Tax Identification Number (TIN)...
No Plans to Revoke More Bank Licences Before April 2026- CBN
….Reassures About Deposits’ Safety, System Resilience The Central Bank of Nigeria has stated categorically that Heritage Bank’s case was an isolated one, adding that allegations...
No Plans to Revoke Polaris, Unity, Keystone Banks’ Licences
Contrary to rife speculations in the media that the licences of three more banks are to be revoked by the Central Bank of Nigeria following...