Tag: CBN
CBN Introduces Electronic Foreign Exchange Matching System for Nigeria’s FX Market
The Central Bank of Nigeria (CBN) has announced the introduction of an Electronic Foreign Exchange Matching System (EFEMS)…
CBN Warns of Potential Risks to External Reserves Amid Fuel Subsidy Removal and Debt Servicing
The Central Bank of Nigeria (CBN) has raised concerns about potential risks to the growth of Nigeria's external…
Business Owners Optimistic About Improved Business Conditions in Nigeria for August 2024 and Beyond, Says CBN
Business owners in Nigeria are hopeful that the economic environment will become more favorable for their operations in…
CBN Approves Merger of Providus and Unity Bank
The Central Bank of Nigeria (CBN) has given the green light for the merger between Providus Bank and…
CBN Predicts Slight Decline in External Reserves for 2024 Due to Debt Obligations
The Central Bank of Nigeria (CBN) has projected a slight reduction in the country’s external reserves in 2024,…
Soludo’s July 6 Bank Consolidation Revolution Revisited
History was writ large as the book written by Dr. Ray Echebiri entitled _The Power of One…
CBN Discontinues Price Verification System for Importers
The Central Bank of Nigeria (CBN) announced yesterday that it has discontinued the Price Verification System (PVS) and…
CBN Denies Plans to Revoke More Bank Licenses After Heritage Bank
The Central Bank of Nigeria (CBN) has denied rumors of plans to revoke additional bank licenses following the…
CBN Lifts Ban on Onboarding New Customers for Five Major Fintech Startups
The Central Bank of Nigeria (CBN) has lifted its ban on onboarding new customers imposed on five prominent…