CBN scraps cash pooling for IOCs, allows 100% repatriation of export proceeds
By Abiodun Folarin WorldStage-- The Central Bank of Nigeria (CBN), has removed the cash pooling requirement for International Oil Companies ...
Tag: CBN
CBN Scraps Cash Pooling for IOCs, Allows 100% Repatriation of Export Proceeds
By Abiodun FolarinThe Central Bank of Nigeria (CBN), has removed the cash pooling requirement for International Oil Companies (IOCs), stating ...
Nigeria’s banking liquidity jumps 89.2% to N8.06trn in one month despite CBN aggressive mop up
WorldStage-- Nigeria’s banking system liquidity remains elevated, hitting ₦8.06 trillion in March 2026, a 89.2% jump from ₦4.26 trillion in February, despite ...
CBN tightens remittance rules, orders IMTOs to route funds through Naira accounts
By Abiodun Folarin WorldStage-- As part of its measures to strengthen international remittances, enhance transparency, and ensure effective monitoring of ...
CBN reacts to court ruling on Union Bank
*Reaffirms oversight, assures stability of the bank WorldStage-- The Central Bank of Nigeria (CBN) has acknowledged the judgment delivered on Wednesday, March 25, ...
CBN mandates payment of diaspora remittances in Naira
By Segun Otokiti WorldStage-- The Central Bank of Nigeria (CBN) has mandated that all diaspora remittances through International Money Transfer ...
Liquidity surge drives demand as Nigeria’s debt office floats N1.05trn treasury bills
By Abiodun Folarin WorldStage-- The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office, has opened subscriptions ...
Nigeria: Liquidity surge drives demand as DMO floats N1.05trn treasury bills
By Abiodun Folarin WorldStage-- The Central Bank of Nigeria, on behalf of the Debt Management Office, opens subscriptions for N1.05 ...
First Holdco board fails gender balance test
WorldStage-- First Holdco Plc, Nigeria’s oldest bank, kept its leadership style as male dominance of its board strengthened to 88 ...
Recapitalisation without transformation is a risk Nigeria cannot afford
By Blaise Udunze In barely two weeks, Nigeria’s banking sector will once again be at a historic turning point. As ...
