Finance
15% growth in money supply pressuring naira in FX market – CPPE
The Centre for the Promotion of Private Enterprise (CPPE), has disclosed that broad money, which grew by over N9 trillion,...
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NDPC tasks banks, telcos, others on data protection compliance, registration
The Nigeria Data Protection Commission (NDPC), has urged all banks, telecom operators, educational institutions, government parastatals and other organisations that...
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Central Bank of Nigeria Takes Firm Action, Delists 2,698 BDCs Amidst Reforms
The Central Bank of Nigeria (CBN) has taken a decisive step in its efforts to reform the foreign exchange market...
Read moreCBN Approves 10% Cash Reserve Requirement for Merchant Banks to Boost Long-Term Financing
The Central Bank of Nigeria (CBN) has announced a significant reduction in the Cash Reserve Requirement (CRR) for merchant banks...
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CBN Raises Tenure Limit for Banks’ Chief Executives to 12 Years
The Central Bank of Nigeria (CBN) has announced an increase in the maximum tenure for Managing Directors/Chief Executives of banks...
Read moreCBN expends $17.81bn to bolster weak Naira
The Central Bank of Nigeria (CBN) drew down Nigeria’s foreign reserves and expended $17.81billion to defend the nation’s weak currency, at...
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Business Confidence Nears Record Low as Fuel Subsidy Removal Intensifies Price Pressures, says Stanbic IBTC
According to Stanbic IBTC's Purchasing Managers Index (PMI) report, the removal of the fuel subsidy in Nigeria in June led...
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Banks’ Credit Surges by N4.54 Trillion in One Year, Reflecting Industry Growth
The Nigerian banking industry witnessed a substantial increase in total credit, with a rise of N4.54 trillion or 17.40% recorded...
Read moreBanks’ borrowing from CBN intensifies, rises 140% to N10.35trn
There are indications that banks in Nigeria are increasingly relying on the Central Bank of Nigeria, CBN, for liquidity as...
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SEC restates commitment to market digitalization
The Securities and Exchange Commission has reaffirmed its commitment to collaborating with various stakeholders in the market to support the...
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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.