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Tag: Banking

Tag: Banking

Bank borrowing from CBN rises 260% to N21.87tn

Deposit Money Banks borrowed the sum of N21.87tn from the Central Bank of Nigeria via the Standing Lending Facility window and Repurchase Lending platform in 2020, according to the CBN financial data. This represents a 260 percent increase when compared to the N5.744tn recorded via the same windows in 2022. It, however, represents a 19.3 […]

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HARVEST FROM NIGERIA’S GLOBAL ECONOMIC SUMMIT NEW YORK

On Thursday last week, the Nigeria International Economic Partnership Forum was held in Manhattan, New York in the middle of the most important international event of the year: the United Nations General Assembly (UNGA). The Forum was enormously popular, attracting some 500 guests and delegates – almost double the expected number. While this resulted in […]

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AFREXIM Bank to collaborate with NEXIM

AFREXIM Bank to collaborate with NEXIM African Export-Import Bank (Afreximbank) and Nigeria Export-Import Bank (NEXIM) have entered into a Memorandum of Understanding (MoU) to establish a Joint Project Preparation Fund that will provide early project preparation financing and technical support services to public and private sector entities operating in Nigeria’s trade sector. Under the terms […]

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CBN BANK RATES

12/9/2022 US DOLLAR 435.5 12/9/2022 POUNDS 508.6 12/9/2022 EURO 442.82 13/09/2022 US DOLLAR 427.6 13/09/2022 POUNDS 500.68 13/09/2022 EURO 434.02 14/09/2022 US DOLLAR 428.07 14/09/2022 POUNDS 494.4 14/09/2022 EURO 428.29 16/09/2022 US DOLLAR 428.61 16/09/2022 POUNDS 487.47 16/09/2022 EURO 427.08 19/09/2022 US DOLLARS 435.5 19/09/2022 POUNDS 495.25 19/09/2022 EURO 434.42 20/09/2022 US DOLLLARS 429.18 20/09/2022 […]

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