Tag: Naira

Again, CBN Raises Interest Rate
July 24, 2024 No Responses

Again, CBN Raises Interest Rate

The Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75%. CBN Governor, Olayemi Cardoso, announced this after the apex bank’s 296th Monetary Policy Committee...
read more
Cardoso: Non-Bank Transactions Threaten Financial Stability In West Africa
July 2, 2024 No Responses

Cardoso: Non-Bank Transactions Threaten Financial Stability In West Africa

The rising transaction volumes by non-banks threaten financial stability in West Africa, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said. He stated this on Monday at the 10th meeting of the College of Supervisors for...
read more
CBN Issues Fresh Foreign Currency Deposit Guidelines
June 29, 2024 No Responses

CBN Issues Fresh Foreign Currency Deposit Guidelines

The Central Bank of Nigeria (CBN) has issued fresh guidelines to Deposit Money Banks (DMBs) on the deposit of foreign currency notes with the apex bank. This directive was contained in a circular issued by the Director of Currency Operators,...
read more
SEC, NGX Group Reiterate Commitment To Capital Market Digital Transformation
June 27, 2024 No Responses

SEC, NGX Group Reiterate Commitment To Capital Market Digital Transformation

The Securities and Exchange Commission (SEC) and Nigerian Exchange Group Plc (NGX Group) have reaffirmed their dedication to the comprehensive digitisation of the capital market, aligning with the transformation strategy outlined in the revised Capital Market ...
read more
FG, States, LGs Share N1.1trillion May Revenue
June 11, 2024 No Responses

FG, States, LGs Share N1.1trillion May Revenue

The Federal Government, States and Local Government Councils in the country have shared N1,143.210 trillion May 2024 Federation Accounts Revenue. The Federation Accounts Allocation Committee (FAAC) disclosed this in a communiqué issued at the end of its lates...
read more
NGX Launches New USSD To Enhance Capital Market Access
June 8, 2024 No Responses

NGX Launches New USSD To Enhance Capital Market Access

Nigerian Exchange (NGX) Limited has urged investors to leverage on its new USSD platform for enhanced capital market access.  NGX stated this at its Investor Education Series, partnered with Meristem via a zoom meeting held with the theme, ‘Unlocking Po...
read more
FIRSTBANK MAINTAINS IMPRESSIVE PERFORMANCE, POSTS N238.53BN PBT IN Q1 2024
June 2, 2024 No Responses

FIRSTBANK MAINTAINS IMPRESSIVE PERFORMANCE, POSTS N238.53BN PBT IN Q1 2024

FBN Holdings Plc declared N238.53 billion profit before tax (PBT) in its unaudited first quarter (Q1) ended March 31, 2024 results, which was about 325.2percent growth from the N56.1 billion reported in Q1 ended March 31, 2023.  The Q1 2024...
read more
CPPE Implores CBN On Quarterly FX Rate For Customs
May 3, 2024 No Responses

CPPE Implores CBN On Quarterly FX Rate For Customs

The Centre for Promotion of Public Enterprise, (CPPE) has asked the Central Bank of Nigeria (CBN) to adopt a specific quarterly exchange rate for import duty collection as a measure towards addressing the problems associated with frequent changes in customs...
read more
CBN Revokes Operational Licenses Of 4,173 BDCs
March 1, 2024 No Responses

CBN Revokes Operational Licenses Of 4,173 BDCs

The Central Bank of Nigeria (CBN), in exercise of the powers conferred on it under the Bankand Other Financial Institutions Act (BOFIA) 2020, Act No. 5, and the Revised OperationalGuidelines for Bureaux De Change 2015, has revoked the licenses of...
read more
Stakeholders Advocate Inclusion Of SME In Nigeria’s Sustainability Reporting Push
February 12, 2024 No Responses

Stakeholders Advocate Inclusion Of SME In Nigeria’s Sustainability Reporting Push

Lagos- Impact investors have emphasized the importance of engaging a broader audience, particularly SMEs, to ensure the successful and impactful implementation of the International Sustainability Standards Board (ISSB) standards in Nigeria. The stakeholders s...
read more
CBN Unveils Guidelines For Regulating Virtual Assets In Nigeria 
December 23, 2023 No Responses

CBN Unveils Guidelines For Regulating Virtual Assets In Nigeria 

The Central Bank of Nigeria (CBN) has unveiled guidelines for virtual assets as part of measures to allow virtual assets service providers (VASPs) which include cryptocurrencies and crypto assets organizations to open accounts with Nigerian banks.  The de...
read more
Tinubu Rings Closing Bell At NASDAQ, Says Nigeria Open For Investment 
September 22, 2023 No Responses

Tinubu Rings Closing Bell At NASDAQ, Says Nigeria Open For Investment 

President Bola Ahmed Tinubu has called on foreign investors to bring their capital into the country as his government is working on easing the free flow of capital.   Tinubu stated this just before he rang the Closing Bell of...
read more
Naira Drops Further, Exchanges At N769.25 To Dollar
July 1, 2023 No Responses

Naira Drops Further, Exchanges At N769.25 To Dollar

Again, the Naira on Friday dropped against the dollar, exchanging at N769.25 at the investors and exporters window. The Naira depreciated by 0.82 per cent compared with N763, which it exchanged for the dollar before the Eid-el-Kabir holiday that began...
read more
NGX RegCo, ISSB, FRC Harp On Sustainability Disclosures Reporting
June 7, 2023 No Responses

NGX RegCo, ISSB, FRC Harp On Sustainability Disclosures Reporting

NGX Regulation Limited, the International Sustainability Standards Board (ISSB), as well as the Financial Reporting Council (FRC) of Nigeria, have all said they remain committed to championing the drive of sustainability and climatic disclosure repor...
read more
1 2 3 4