CBN

Banking and Finance

CBN Unity bank’s bailout raises questions over other banks with poor financial strength

THE Central Bank of Nigeria (CBN) has granted a lifeline to Unity Bank Plc to merge with Providus Bank...
Ehime ALEX -
Business and Economy

Bank recapitalisation: Unity, Providus bank merger gets CBN’s nod

IN a bold move that ensures that commercial banks have acceptable financial risk exposure status, the Central Bank of...
Harrison EDEH -
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Business and Economy

Despite violations, senate amends CBN Act to increase FG’s borrowing threshold

DESPITE violations that characterised previous borrowings, the Nigerian Senate has expeditiously passed a bill for an Act to amend...
Harrison EDEH -
Banking and Finance

Stocks suffer worst decline in 10 weeks on CBN rate hike, investors lose N1.32trn

THE Nigerian stock market saw the worst weekly decline in 10 weeks following the Central Bank of Nigeria (CBN)...
Ehime ALEX -
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Business and Economy

CBN to create new office to manage dormant funds

THE Central Bank of Nigeria (CBN), has disclosed that it would create a dedicated office to manage dormant accounts...
Kehinde OGUNYALE -
Business and Economy

Naira hits worst level in four months at N1,609.29 after CBN rate hike

THE naira depreciated to its worst level in four months to N1,609.29 against the dollar on Friday, July 26,...
Ehime ALEX -
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