Recapitalization: Analysts say commercial banks would require N2.8trn
Analysts have said that commercial banks would require a combined N2.8 trillion to meet the new baseline capital requirements. According...
Banking & Finance
Sustained CBN’s monetary policy integral to strengthening Naira – Gwadabe
The President, Association of Bureau De Change of Nigeria (ABCON), Aminu Gwadabe, says recent monetary policy decisions of the Central...
Nigerian records $1.5bn FX inflows
Uzezi Samuel The Central Bank of Nigeria (CBN) says the inflow of over $1.5 billion into the economy over the...
CBN gives banks 24 months to recapitalise
Omeiza Bilal Days after urging Nigerian banks to expedite action on the recapitalisation of their capital base in order to...
Bulls return as equity market gains N157bn
Omeiza Bilal The Domestic equity market on Thursday remained on positive trend, appreciating by N157 billion as gain recorded in...
Afreximbank closes $282m India-focused club deal
The African Export-Import Bank (Afreximbank) on Thursday announced the successful completion of a first-of-its-kind India-focused club deal for 282 million...
Strengthening Central Bank independence to protect the global economy
Independence is critical to winning the fight against inflation and achieving stable long-term economic growth, but policymakers risk facing pressure...
CBN eliminate legacy backlog, successfully clears $1.5bn valid FX transactions
Omeiza Bilal The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled,...
Zenith Bank appoints Adaora Umeoji as GMD
Omeiza Bilal Zenith Bank Plc has announced the appointment of Adaora Umeoji, as Group Managing Director/Chief Executive with effect from...
Equity market sheds N168bn
Omeiza Bilal Transactions on the floor of Nigerian Exchange closed negative, declining by N168 billion as profit taking activities persisted...
