Skye Bank Shares Rise after CBN Extends Support

Shares in Nigeria’s Skye Bank climbed 5 per cent on Wednesday after the lender said it had secured Central Bank of Nigeria (CBN) guarantees for another year and submitted its…

CBN Extends Support for Skye Bank by One Year

The Central Bank of Nigeria (CBN) has extended guarantees to Skye Bank Plc for another year, while it considers the bank’s recapitalisation proposal, the mid-tier lender has said. The CBN…

Nigeria to be Out of Recession By Third Quarter, Says Emefiele

By Akin Akinremi in Lagos From the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, came the good news on Tuesday. Emefiele said with the current efforts by the…

Access Bank Appoints Ogbonna as Group Deputy Managing Director

Mr. Akin Akinremi Access Bank Plc has appointed Mr. Roosevelt Michael Ogbonna as Group Deputy Managing Director (GDM) to replace Mr. Obinna Nwosu who recently resigned his appointment to pursue…

Buhari Nominates 5 Persons as CBN Non-Executive Directors

President Muhammadu Buhari has nominated five persons to the Senate for confirmation as Non-Executive Directors of the Central Bank of Nigeria (CBN). A statement by Special Adviser, Media and Publicity…

Forex: CBN Opens Special Window for SMEs, Begins Massive Sale with $141million

The Central Bank of Nigeria (CBN) on Monday opened a special Forex window for Small and Medium Enterprises (SMEs) to enable SMEs import eligible finished and semi-finished items not exceeding…

Adeosun Urges CBN to Extend BVN to Micro Finance Banks

The Minister of Finance, Mrs. Kemi Adeosun, has urged the Central Bank of Nigeria (CBN) to extend Bank Verification Number (BVN) requirement to account holders in Microfinance Banks (MFBs). According…

FCMB Raises N5.1bn via Bond

Nigerian mid-tier lender FCMB has sold 5.1 billion naira ($16 million) of bonds, less than it originally planned to raise, at an interest rate coupon of 17.25 percent, its advisers…

FOREX Ban on 41 Items Stays, Says CBN

By Akin Akinremi The Central Bank of Nigeria (CBN) has rejected calls by the Organised Private Sector (OPS) to reverse its foreign exchange (forex) ban on 41 goods, which the…

FMDQ Achieves ₦113.66trillion 2016 Market Turnover

  FMDQ OTC Securities Exchange (‘FMDQ’ or the ‘OTC Exchange’) has since its launch onto the Nigerian financial markets landscape in 2013, championed initiatives geared towards providing an enabling environment…