Archives for MONEY MARKET - Page 47
Currency Outside Banks Hit Historic High of N3.4trn, 94% of CIC
Naira A report by the Central Bank of Nigeria (CBN) has revealed that currency outside banks at at December 2023 reached a staggering trillion, representing a whopping 94…
Trapped funds: CBN releases fresh $64.44m to foreign airlines
By Ngozi Onyeakusi---The Central Bank of Nigeria (CBN), on Tuesday, said it has cleared verified outstanding liabilities to foreign airlines with $ million. The money is forex backlog accumulated from…
Mali, Burkina Faso, Niger Quit ECOWAS, say Regional Bloc Under Foreign Control
In a move that has sent shock waves across the sub-region, Mali, Burkina Faso, and Niger Republic, yesterday, pulled out of the Economic Community of West African States…
Banks register 291,232 BVN in two weeks
Banks The number of bank customers that have registered for the Bank Verification Number (BVN) in the last two weeks was 291,232, bringing the total number to million. The Nigeria…
ACCESS PENSIONS ACQUIRES ARM PENSIONs
ARM Pension Managers to Merge with Access Pensions Limited By Ngozi Onyeakusi---Access Holdings Plc has announced a major development in its ongoing growth strategy. Access Golf Nigeria…
External debt servicing gulped $3.07bn in 10 months – CBN
Latest data obtained from the Central Bank of Nigeria (CBN) has revealed that Nigeria spent about $ billion towards servicing external debt. This represents a 38 per cent increase, higher…
SMEDAN N19bn allocation shows FG’s commitment to business growth – CBN
The Central Bank of Nigeria has said that the per cent increase in the allocation for the Small and Medium Enterprises Development Agency of Nigeria to in the 2024…
FG Under Pressure To Recover $496Mn Made To Indian Firm For Failed Itakpe Iron Ore Project
By Ngozi Onyeakusi---notable Non Governmental Organization, NGO, has stepped up advocacy to persuade Nigerian Government to constitute debt recovery structure in the case of huge sums of money paid to…
CBN Uncovers Gross Violations of Market Regulations, Vows Sanctions
The Central Bank of Nigeria (CBN), yesterday said it found grave infractions, gross abuse and significant non-compliance with market regulations by operators in the foreign exchange segment. The revelation…
Union Bank Pledges Seamless Service as New Management Resumes
By Ngozi Onyeakusi---Union Bank of Nigeria has reassured its partners, customers and critical stakeholders of continued excellent service and seamless operations following the recent appointment of its new Managing…
