Tag: CBN, Fitch Ratings
CBN currency swap jumps to $12bn
…low reserves nothwithstanding Global financial rating group, Fitch Ratings, has estimated the Central Bank of Nigeria’s currency swaps with domestic banks to be...
Dollar Debt:Banks may get repayment next week , Naira May Rebound-CBN
The Acting Governor of the Central Bank of Nigeria,CBN, Folashodun Shonubi, has said the apex bank will repay banks all outstanding forward contract debts...
Recover N1.1trn Anchors Borrowers’ Programme Loan by September 18 – Tinubu tells Security agencies
President Bola Tinubu has reportedly given security agencies a deadline to go after defaulters of the Anchor Borrowers Loan Scheme. The President asked the...
Naira gains at investors window,exchanges for N740.38
The naira appropriated against the dollar on Friday as it exchanged at N740.38 at the Investors and Exporters window. The naira gained by 2.93 per cent...
Obiora,CBN Deputy Governor arrested by DSS
DSS arrests Obiora,CBN Deputy Governor The probe of suspended Governor of Central Bank of Nigeria,CBN,has widened as his deputy in charge of economic policy, Kingsley...
$1billion currency counterfeiting:CBN,Banks sets up investigation
The Central Bank of Nigeria (CBN) has launched an inquiry into an alleged $1 billion currency counterfeit deal, involving a Nigerian and other nationals....
N82.1bn Fraud:How 110 top bank officials were sacked in two years
At least 110 top bank executives and junior staff members have been sacked for fraud-related cases in the past two years, findings have shown. These were...
CBN: Tinubu versus Buhari clash inevitable
By Dele Sobowale The suspension and subsequent arrest of the Governor of the Central Bank of Nigeria, CBN, has brought the inevitable collision between...
Naira redesign, others gulped N74bn in 2022 – CBN’s report
The Central Bank of Nigeria,CBN and its subsidiary spent about N74.84bn to produce and roll out currencies, including new naira notes, in 2022. Despite the...
BDC operators kick as CBN restricts forex trading
In a move which signifies a new approach in Foreign exchange operations,the Central Bank of Nigeria,CBN,has announced operational mechanism for the Bureau De...
