Archives for MONEY MARKET - Page 86
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…
Wema Bank Celebrates International Women’s Day 2023
Wema Bank logo By Ngozi Onyeakusi---Wema Bank, Nigeria's most innovative bank, is preparing to celebrate International Women's Day 2023. The bank aims to honor women and provide them with opportunities…
External reserves dip by $427m in one month – CBN
By Ngozi Onyeakusi---The Central Bank of Nigeria (CBN) has disclosed that country’s external reserves dip by $ in one month. This is as the crisis in the country’s currency worsened…
