Three MPC members vote to retain interest rate at 26.25% during July meeting
At least three members of the Monetary Policy Committee (MPC) voted to retain the Monetary Policy Rate (MPR) at 26.25%...
Nine firms purchase $25.76 million from CBN’s retail Dutch auction to repay loans
The Central Bank of Nigeria (CBN) conducted a Retail Dutch Auction on August 6, 2024, where nine companies purchased a...
Nigerian states spend N139.92 billion servicing external debt in first six months of 2024
Nigerian states have collectively spent about N139.92 billion on servicing external debt in the first half of 2024.
NDIC pays 82.36% of insured deposits to customers of liquidated Heritage Bank
The Nigeria Deposit Insurance Corporation (NDIC) has successfully paid 82.36% of the total insured deposits to customers of the now-defunct...
Dangote Group purchases $105.33 million from latest CBN’s Retail Dutch Auction
Dangote Group’s subsidiaries have emerged as major recipients in the latest Retail Dutch Auction conducted by the Central Bank of...
Top 10 Banks that got highest FX from CBN’s latest Retail Dutch Auction
The Central Bank of Nigeria (CBN) recently conducted a Retail Dutch Auction System (rDAS) on August 6, 2024, in an...
List of banks excluded from CBN’s retail Dutch Auction
Six prominent banks, including United Bank for Africa (UBA), Wema Bank, and Stanbic IBTC, were disqualified from participating in a...
New CBN circular clarifies existing rule on certificate of capital importation for forex repatriation, divestment
The Central Bank of Nigeria (CBN) has issued a clarification on the requirements for divestments and repatriation of foreign investments...
CBN drops stop rate on one-year Treasury Bills to 21.889% in latest August auction
The Central Bank of Nigeria (CBN) has adjusted the stop rate on one-year Treasury Bills (T-Bills) to 21.889% in its...
Nigeria records 55% increase in net FX flows to $25.4 billion in first six months of 2024
The Central Bank of Nigeria (CBN) has said that the results of its policy measures are becoming evident, with net...
