Archives for MONEY MARKET - Page 76
Banks In Shock As Rejection Of Old N500, N1000 Spreads
Say President, CBN must speak•Banks implement cash withdrawal limits The enthusiasm that greeted the Supreme Court judgement that the old N500 and N1,000 notes should be in use…
Loan Repayment Under ABP Stands At 52.39% — CBN
By Ngozi Onyeakusi, -- The Central Bank of Nigeria (CBN) says it remains committed to its developmental mandate of stimulating access to finance for the real sector, disclosing that…
CBN releases N114bn under 100-for-100 policy
The Central Bank of Nigeria has disbursed to beneficiaries under its 100-for-100 Policy on Production and Productivity since the commencement of the intervention. This was disclosed in a communiqué issued…
Supreme Court ruling: Uncertainty as banks wait on CBN
Stakeholders in the financial sector and banks are divided over re-issuance of the old naira notes following the Supreme Court judgement extending their legal tender status till December 31st 2023.…
Post-COVID fiscal stimulus fueled inflation, says IMF
IMF logo The International Monetary Fund has said that fiscal stimulus injected into the economy played a contributory role in fueling the inflationary pressure currently being felt in Nigeria and…
ICT sector leads FIRS Q3 N131.97b tax collection
The National Bureau of Statistics (NBS) has said the Company Income tax for the third quarter (Q3) of last year, showed that tax collections from the sector rose to billion…
CBN: Nigeria records $20m trade deficit
The Central Bank of Nigeria (CBN) said Nigeria recorded a trade deficit of $20 million last November. It said Nigeria’s balance of trade position has reversed from surplus to…
CBN names Isa Abdulmumin new spokesperson
Isa By Ngozi Onyeakusi--- The Central Bank of Nigeria (CBN) has appointed Isa Abdulmumin as the Acting Director of Corporate Communications Department of the apex bank. Abdulmumin, a Deputy Director,…
No plans to shut down during polls – ACAMB
Rasheed Bolarinwa The Association of Corporate Affairs Managers of Banks, the umbrella body of Corporate and Marketing Communications Professionals working in Nigeria’s banking sector, has debunked the message purporting that…
Sterling Bank Finances Health, Education Through Credit Café
Sterling Bank logo A partnership has been signed between Nigeria's leading commercial bank, Sterling Bank Plc, and Nigeria's most innovative lending platform, Credit Café Africa, to provide health and education…
