The Central Bank of Nigeria (CBN), on Wednesday, said its various efforts at capturing more of the population into the formal financial system are gradually yielding fruits. According to the apex bank, the number of Nigerians outside of the formal sector dropped to 39.7 from 46.3 per cent between 2010 […]
Tag: Central Bank
CBN Reports $3.24 Billion FOREX Inflow in April 2013
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Tuesday said Foreign Exchange (FOREX) Inflow and outflow in the country April 2013 was US$3.24 billion and US$3.32 billion respectively. Latest figures released by the CBN in its 2013 April Economic Report showed that the US$3.24 billion Inflow and […]
Five U.K. Banks Must Raise Extra $21 Billion Capital
Five U.K. banks must find 13.4 billion pounds ($21 billion) to plug a 27.1 billion-pound capital shortfall by the end of the year, the Bank of England said. The five lenders, including Barclays Plc (BARC), Lloyds Banking Group Plc (LLOY) and Royal Bank of Scotland Group Plc (RBS), have already […]
