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    Banking institutions

    AMCON empowered to sell debtors’ property after Reps amended Act

    The House of Representatives has passed for third reading, an amendment to the Asset Management Corporation of Nigeria Act which empowers the corporation to...

    MPC Meeting Decides to Hold Rate, Clamp Down on AbokiFx

    At the MPC meeting, the committee members unanimously voted in favour of retaining the monetary policy parameters: - the MPR at 11.5%; the asymmetric...

    CBN investigates exchange rate tracker to trace naira’s street rate after a crash

    The central bank of Nigeria is chasing exchange rate trackers with the latest moves to control the sluggish naira. Governor Godwin Emefiere said Friday that...

    Nigeria Central Bank Holds Rate as Economic Growth Outlook Cut

    Nigeria’s central bank left its key interest rate unchanged to support an economy that expanded at a slower pace than expected in the second...

    Ten Commercial Banks OPEX Hits N932.26bn in H1 2021 Driven by Double-digit Inflation, AMCON Levy, Others

    By Darasimi Adebisi Despite the bountiful profits reported by deposit money banks in the country in their Q2 reports, it has emerged that double-digit inflation...

    Nigeria’s central bank mull International Financial centre for capital, investments inflows

    By Onyinye Nwachukwu The Central Bank of Nigeria (CBN) has said it will establish The Nigerian International Financial Centre (NIFC) within the next 12 months...

    Non-performing loans declining but remain above benchmark – CBN

    The non-performing loans in the banking sector slightly declined from 5.8 per cent in May to 5.7 per cent in June, showing more resilience...

    N2trn power subsidy, interventions gulp 6% of CBN’s balance sheet –Report

    Except urgent steps are taken, the balance sheet profile of the Central Bank of Nigeria(CBN) may dip further as a report by Agusto &...

    CBN probes banks over FX transactions as Naira plunges

    The Central Bank of Nigeria (CBN) says it’s investigating the foreign-exchange transactions of lenders operating in the country. Following “recent occurrences in the market”, the...

    CBN warns Nigerians, Don’t Buy Dollars from Naira Black Market Traders, instead Buy from Banks

    James Emejo in Abuja and Nume Ekeghe in Lagos The Central Bank of Nigeria (CBN) will, beginning from today, raise significantly the volume of its...

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