The Central Bank of Nigeria (CBN) has terminated the appointments of the board and executive directors of the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL). The development was…
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Tag: #CBN
CBN reports high remittance inflows of $553m for July 2024
The Central Bank of Nigeria (CBN) has reported a significant increase in remittance inflows, reaching $553m in July 2024, a 130 per cent increase from the corresponding period in 2023.…
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CBN re-introduces publication of key economic reports
The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports, reaffirming its commitment to fostering transparency and accountability in the Nigerian economy. A statement signed…
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CBN approves N700bn bailout for Unity, Providus banks’ merger
The Central Bank of Nigeria (CBN) has approved a financial package of N700 billion to support the proposed merger between Unity Bank Plc and Providus Bank Limited. In a letter…
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CBN approves merger of Unity, Providus Banks
Our reporter/ The Central Bank of Nigeria (CBN) on Tuesday announced the approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and the Providus…
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