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5 Results / Page 1 of 1

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Economy

CBN Governor Says Recapitalisation Policy Has Strengthened Banks

By Oluwakemi Kindness The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says the Bank's recapitalization policy, is expected to support the realisation of 1 trillion dollars economy by 2030. This was as he said the Bank's recapitalization policy has prompted banks to strengthen their financial positions, a process expected to result in a more robust and resilient banking sector by March 2026. Cardoso who stated this during […]

todayOctober 17, 2024 12 8

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Economy

CBN Governor Champions We-Fi Code Declaration for Women Entrepreneurs

By Oluwakemi Kindness  The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has urged stakeholders in the financial ecosystem to adopt the Women entrepreneurs Finance (We-Fi) Code as part of a collective drive to enhance the financial inclusion of women entrepreneurs across Nigeria. Cardoso stated this at the landmark event of Nigeria’s public declaration of commitment to the We-Fi Code, held at the CBN Head Office on Wednesday. […]

todayOctober 10, 2024 6 1

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Economy

CBN Assures Nigerians Of The Safety Of Their Bank Deposits

By Oluwakemi kindness The Central Bank of Nigeria (CBN) on Tuesday assured Nigerians not to panic as it has put in place policies to ensure that all monies deposited in financial institutions across the country are secured. A statement by the apex bank’s Acting. Director, Corporate Communications, Hakama Sidi-Ali, reassured the public of its unwavering commitment to ensuring the stability and reliability of the Nigerian financial system. This development follows […]

todayOctober 8, 2024 9 2

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Economy

CBN Introduces Electronic System To Enhance Transparency In Forex Market

By Oluwakemi Kindness The Central Bank of Nigeria has announced the introduction of an Electronic Foreign Exchange Matching System aimed at transforming the country’s foreign exchange market. The new system is set to be operational in the Nigerian Foreign Exchange Market by 1 December 2024, following a two-week test run scheduled from November. The EFEMS is expected to reshape how foreign exchange transactions are conducted in the interbank market by […]

todayOctober 4, 2024 12 3

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Business

CBN Approves Unity Bank Plc and Providus Bank Merger

The Central Bank of Nigeria (CBN) has announced the approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited. This strategic move the bank said is designed to bolster the stability of Nigeria’s financial system and avert potential systemic risks. The apex bank, in a statement on Tuesday by its acting Director of Corporate Communications, Hakama Sidi-Ali, said the merger is […]

todayAugust 7, 2024 13

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