CBN

Banking and Finance

Investors lost N46.7bn in stock trading over CBN’s 26.75% rate hike

FOLLOWING the benchmark interest rate hike by the Central Bank of Nigeria (CBN) on Tuesday, July 23, the Nigerian...
Ehime ALEX -
Business and Economy

Businesses’ borrowing costs to rise as CBN hikes interest rate to 26.75%

BUSINESSES and manufacturers would have to borrow funds at a higher interest rate for their operations as the Central...
Ehime ALEX -
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Business and Economy

Anger over CBN’s plans to tamper with investors’ unclaimed dividends

NIGERIANS have expressed anger over the Central Bank of Nigeria's (CBN) plan to tamper with investors' unclaimed dividends. The reaction...
Harrison EDEH -
Banking and Finance

Shareholders kick against FG’s plan to impose windfall tax on banks

SHAREHOLDERS associations have vowed to deploy every legal means to resist the federal government's plan to impose a windfall...
Ehime ALEX -
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Business and Economy

CBN sells $20,000 to BDCs amid FX distortions

THE Central Bank of Nigeria (CBN) has approved the sales of $20,000 to each of the eligible Bureaux De...
Ehime ALEX -
Banking and Finance

CBN’s Cardoso blames high interest rate on ‘excessive N27trn’ lending to FG

THE governor of the Central Bank of Nigeria (CBN), Yemi Cardoso has blamed the country’s rising high interest rates...
Harrison EDEH -
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