CBN Gov, Cardoso speaks on Nigeria’s ‘depleting reserves’
The Central Bank governor, Olayemi Cardoso, has stated that the recent depletion of the country's foreign reserves was used to…
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CBN reduces banks’ loan-to-deposit ratio by 15%
The Central Bank of Nigeria (CBN) has announced a review of the loan-to-deposit ratio (LDR) for banks by 15 per cent to align with…
CBN distributes $10,000 each to more than 1,000 BDCs
The Central Bank of Nigeria (CBN) said it has sold a total of $10, 000 to 1, 588 Bureau De Change (BDC) operators to meet retail…
JUST IN: Former CBN gov Emefiele arrives Lagos court for arraignment
The controversial former Central Bank of Nigeria Governor, Godwin Emefiele, has arrived at the Ikeja State High Court in Lagos to…
FILLIP TO BANKS’ RECAPITALIZATION
The Central Bank of Nigeria (CBN) has again sent the nation’s banks racing on the labyrinthine tracks of recapitalization. The…
Tinubu closes panel investigation on ex-CBN Gov Emefiele, thanks Jim Obazee
President Bola Tinubu has officially closed investigations into the tenure of immediate past Governor of the Central Bank of…
Banks are in good stead to meet CBN’s recapitalisation target – ACAMB
The Association of Corporate & Marketing Communication Professionals of Banks (ACAMB) has assured the banking public that…
CBN announces new capital base for banks, sets two-year deadline
Nigeria's apex bank and regulator, Central Bank of Nigeria (CBN) has announced need capital basis for different category of banks…
Security agencies after firms involved in forex racketeering – CBN
The Central Bank of Nigeria (CBN) has announced that security agencies, including the Economic and Financial Crimes Commission,…
CBN raises interest rate to 24.75%
The Central Bank of Nigeria (CBN) increased the interest rate to 24.75% from 22.75 percent.