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    Net Forex Inflow Disappoints Expectation
    BizWatchNigeria.Ng

    BizWatchNigeria.Ng

    All Your Industry News At a Click

    • FEATURES
      • Are You On Track To Achieve Your 2021 Goals?

        Are You On Track To Achieve Your 2021 Goals?

        Time To Improve The Nigerian Food Plate

        Time To Improve The Nigerian Food Plate

        3 Essential Elements of a Protein-Centred National Nutrition Policy

        3 Essential Elements of a Protein-Centred National Nutr...

        HoldCo Status in the Nigerian Banking Industry

        HoldCo Status in the Nigerian Banking Industry

        Get Rid Of The Malware On Your Smartphone

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    • VIEWPOINT
      • The Year 2020 And Economic Outlook Of 2021

        The Year 2020 And Economic Outlook Of 2021

        COVID-19: The Little Joys Of An Art Lover During A Pandemic

        COVID-19: The Little Joys Of An Art Lover During A Pand...

        COVID-19: Developing Countries Struggle To Rebuild Economy

        COVID-19: Developing Countries Struggle To Rebuild Econ...

        Making Sense of A Manual ‘Digital’ Directive

        Making Sense of A Manual ‘Digital’ Directive

        Did Shutting The Borders Solve Anything?

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    Net Forex Inflow Disappoints Expectation
    January 20, 20210307

    Net Forex Inflow Disappoints Expectation

    The Central Bank of Nigeria (CBN) has disclosed that the net foreign exchange (forex) inflow into the Nigerian economy saw a disappointing fall from $

    Read More
    HoldCo Status in the Nigerian Banking Industry
    December 31, 20200588

    HoldCo Status in the Nigerian Banking Industry

    HoldCo is an abbreviation for Holding Company. A holding company is a business entity that owns enough shares in other companies and largely influence

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    Exporters Who Fail To Repatriate Procced Of Export To Be Denied Banking Services - CBN
    December 31, 20200237

    SME’s Default Rate On Collateral backed Loans Worsened in Q4 – CBN

    The default rate on loans backed with collateral worsened in the last quarter of the year. This is according to a report by the Central Bank of Nigeri

    Read More
    2021 Kicks Off Positively With N459bn Gain In NSE Equity Market
    December 30, 20200250

    NSE Emerges Best-Performing Stock Market in 2020

    The Nigerian Stock Exchange (NSE) emerged the best-performing stock market among the 93 equity indexes being tracked by Bloomberg across the globe. Th

    Read More
    Buhari Directs Ministry of Finance To Disburse For Local Production Of Solar Cells
    December 30, 20200231

    Buhari Directs CBN to Maintain Non Supply of Forex To Food Importers

    President Muhammadu Buhari has mandated the Central Bank of Nigeria (CBN) to maintain its non-provision of foreign exchange policy for food importatio

    Read More
    Fidelity Bank Announces Board Retirements, New Appointments
    December 29, 20200241

    Fidelity Bank Announces Board Retirements, New Appointments

    Fidelity Bank Plc announces new Board appointments in place of some of its outgoing Directors, who have recently completed their tenure on the Board i

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    Exporters Who Fail To Repatriate Procced Of Export To Be Denied Banking Services - CBN
    December 29, 20200199

    Over 1 million Bank Customers Are Able to Access Loans Below 20 percent – CBN

    The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has stated that over one million customers have been able to access loans at

    Read More
    How Nigerian Bank CEOs Retirement May Affect the Banks?
    December 27, 20200375

    Bank Credit Grew By ₦290 billion In Six Weeks – CBN

    The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit of commercial banks grew by 7.61 per cent in October 2020, compared

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    CBN Warns IMTOs To Pay Remittances In Forex
    December 27, 20200274

    Naira Will Decline in Value in January 2021 – CBN

    The Central Bank of Nigeria (CBN) has revealed that based on a survey done by its Statistics Department, there are strong indications that the Naira w

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    Five Things you should know about Financial Inclusion in Nigeria
    December 25, 20200294

    Five Things you should know about Financial Inclusion in Nigeria

    Nigeria’s population is growing exponentially. According to the World Bank,  it is projected that Nigeria will outgrow the population of the Unit

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    CBN Issues Fresh Directives To Banks Regarding Borrowers' Records
    December 24, 20200259

    CBN Revokes Licenses of Seven Payment Service Providers

    The licenses of seven payment service providers (PSP) and one switch operator have been revoked by the Central Bank of Nigeria (CBN). The CBN made the

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    Exporters Who Fail To Repatriate Proceeds Of Export To Be Denied Banking Services - CBN
    December 24, 20200374

    CBN Loans Banks ₦1.7 trillion In 3 Months

    According to the Q3 economic report of the Central Bank of Nigeria (CBN), Deposit Money Banks borrowed the sum of N1.7 trillion from the apex bank in

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    December 24, 20200238

    Inflation To Rise To 16% In 2021 – Bismarck

    Mr. Bismarck Rewane, the Managing Director/Chief Executive Officer, Financial Derivatives Company Limited, predicted that double-digit inflation in th

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    Exporters Who Fail To Repatriate Procced Of Export To Be Denied Banking Services - CBN
    December 22, 20200276

    Rising Inflation Will Make Nigeria’s Economy Weaker in 2021 – CBN

    A recent survey report by the Central Bank of Nigeria (CBN) for the last quarter of 2020 (Q4 2020) has shown that the increasing rate of inflation wil

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    NDIC Commences Closure of 42 Microfinance Banks
    December 22, 20200299

    NDIC Commences Closure of 42 Microfinance Banks

    The Nigeria Deposit Insurance Corporation (NDIC) has commenced the closure of 42 Microfinance Banks (MFBs) which operating licences were recently revo

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    Alibaba, Tencent Stock Prices Tumble As US Weighs Fresh Ban
    December 21, 20200326

    Nigerian Market Rakes in ₦1.33 trillion Profit

    Nigerian equities for five consecutive trading sessions regained the global lead as the most-rewarding stocks, to close the weekend with net capital g

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    December 21, 20200256

    Heritage Bank Partners LAWMA To Achieve A Greener, Cleaner Lagos

    Heritage Bank Plc, Nigeria’s Most Innovative Banking Service provider has entered into a strategic partnership with the Lagos Waste Management Authori

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    CBN Revokes Operating Licenses of 42 Microfinance Banks
    December 21, 20200285

    CBN Revokes Operating Licenses of 42 Microfinance Banks

    The Central Bank of Nigeria has revoked the operating licences of 42 microfinance banks in the country. The Nigeria Deposit Insurance Corporation (NDI

    Read More
    CBN Orders Switches To Halt Payment of Naira Transfers into Dom Accounts
    December 17, 20200278

    CBN Orders Switches To Halt Payment of Naira Transfers into Dom Accounts

    Following its new policy on the remittance of international money transfer in foreign currencies to recipients, the Central Bank of Nigeria (CBN) has

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    Ogoni People File Contempt Charge against Emefiele
    December 16, 202001302

    Ogoni People File Contempt Charge against Emefiele

    The legal counsel to the Ogoni people has filed a contempt charge against the governor of the Central Bank of Nigeria, Godwin Emefiele over his allege

    Read More

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    Ogoni People File Contempt Charge against Emefiele
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