Cardoso emphasized the importance of closely monitoring the trends, risks, and innovations within NBFIs/OFIs, noting that their rising transactions volumes pose potential threats to the stability of the financial system.
Browsing: CBN
This trend signals the first month of stable exchange rates since the Central Bank of Nigeria (CBN) implemented a series of reforms in the foreign exchange sector.
Deposit Money Banks (DMBs) have received fresh guidelines from the Central Bank of Nigeria (CBN) on the deposit of foreign…
The Central Bank of Nigeria (CBN) says it will continue to implement more policies to tackle cybersecurity challenges and foster innovation to ensure the stability and integrity of the financial system.
According to the auction result by the Debt Management Office (DMO), the auction attracted significant investor interest, with the total subscription amounting to N773.98 billion, far surpassing the total offer of N228.72 billion.
Burkaa identified exhibits F24 to F44 which are letters from the CBN to April 1616 Investments Limited, for the award of contracts for the supply of cars to the apex bank as well as documents showing requests for payments from the company to the CBN for the delivery of the cars, all signed by Emefiele.
“There is no evidence that the downward trend in month-on-month inflation rate is sustainable and would eventually manifest in a downward trend in headline inflation. More so, considering the various upside risks to price development from both the global and domestic economies, there is sufficient reason to be concerned about the continued uptick in inflation if we rest on our oars at this critical point.”
According to the latest data published by the Central Bank of Nigeria (CBN), the reserves now stand at $33.58 billion as of June 19, 2024.
The Chartered Institute of Bankers of Nigeria (CIBN) on Wednesday reassured Nigerians that the banking system remained “safe, sound and resilient,” dispelling fears of bank liquidations.
This figure is about 297 percent higher than it spent on debt servicing in April and 286.49 percent higher than the $221.05 million the country spent in May 2023.