Tag: CBN
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CBN Heightens Oversight on Select Banks Amid Recapitalization and Post-Forbearance Era
As one of the measures to build stability in Nigeria's banking sector, the Central Bank of Nigeria (CBN) revealed that a closely defined subset...
CBN Stops Bank Dividends and Bonuses as New Rules Affect FirstHoldco, Zenith, UBA
Hello and welcome! In today's trending news stories;
1. The Central Bank of Nigeria (CBN) has introduced strict new rules to improve banks' financial strength....
Army Detains Female Soldier Over $50k Tied to Ex-Chief’s Wife
Hello and welcome! In today's trending news stories;
1. The Nigerian Army has confirmed that Corporal Amina Sani Maidoki is in detention over an ongoing...
Naira Finds Strength as Stability is Reached and Reserves Mount
The Nigerian naira has been slowly rising in recent times, modestly rising to 1,625 against the dollar in the parallel market from yesterday's previous...
Naira Faces Fresh Pressure at Official Market Despite CBN Interventions
Nigeria’s local currency, the naira, came under renewed pressure this week as it slid to ₦1,612 per dollar at the official foreign exchange window...
