Tag: CBN

FCMB gets $50M from AFDB, increases lending to high impact businesses - Women empowered businesses and local enterprises involved in agribusiness, manufacturing, health care, and renewable energy will have access to ...

Manufacturers Urges Banks Not to Hoard Forex after Nigeria’s central bank Directive - The Manufacturers Association of Nigeria (MAN) has urged commercial banks to comply strictly with the Central Bank of ...

Court Adjourn Trial of Zenith Bank Over Alleged N6.4bn Illegal Charges - Federal High Court has set a new date for the hearing of suit filed by a Nigerian Independent Oil ...

Nigerian Naira Loses against USD at Parallel Market as CBN Stops dollar Sales to BDCs - In the just concluded week, Naira depreciated against the greenback at the Bureau De Change ...

Unity Bank Records N23B Gross Earnings in H1 2021, Grows 34% in Pre-tax Profit - Nigeria’s retail lender, Unity Bank Plc has declared a half-year result posting gross earnings of 23.6 billion ...

Wema Bank appoints Two New Non-Executive Directors - Wema Bank has announced the appointment of two Non-Executive Directors to its Board of Directors following the approval of the Central Bank of ...

Union Bank Reports 1.7% Rise in Profit after Tax to ₦11Billion in H1 2021 - Union Bank, one of Nigeria’s longest-standing and most respected financial institutions, announces its unaudited financial statements ...

Nigeria’s Central bank orders banks to create teller points for foreign exchange transactions - The Central Bank of Nigeria, CBN, has ordered Deposit Money Banks, DMBs to create teller points for ...

AGSMEIS: CBN Disburses N121.57bn to Beneficiaries - The Central Bank of Nigeria (CBN) has said that it disbursed the sum of N121.57 billion to 32,617 beneficiaries under the Agribusiness/Small and Medium ...

Naira falls to new lows As CBN Channels N2.3tn Forex Sales to Commercial Banks - The naira to dollar exchange rate dipped to N505 to one dollar at the parallel market ...