Cardoso: CBN Has No Intention of Intervening in Forex Market
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday, reiterated the apex bank’s stance of not…
Tag: CBN
CRR: Ten Banks’ Restricted Deposit with CBN Hits N17.1tn
As the Central Bank of Nigeria (CBN) maintained Cash Reserve Ratio (CRR) at 32.5 per cent in 2023, Zenith Bank…
Rising naira value: Presidency backs Cardoso, vows further clampdown on racketeers
The Presidency on Tuesday said the concerted efforts of the Yemi Cardoso-led Central Bank of Nigeria aimed at stabilising the…
CBN Bans Use of Foreign Currency-denominated Collaterals for Naira Loans
•Orders termination of existing facilities within 90 days •Approves fresh allocation of FX to BDCs at N1,101/$1, sale to customers…
Excess liquidity: CBN Raised N7.7tn via NTBs, OMO in Q1 2024
Following its drive to tackle excess liquidity in the banking sector, the Central Bank of Nigeria (CBN), raised a whooping…
CPPE Commends CBN’s Banking Recapitalisation Policy
The Centre for the Protection of Private Enterprise (CPPE) has described the move to recapitalise the country’s banking institution as…
REMITA Was Selected Based on Merit – CBN
Bukola Afeni The Director of Banking Services, Central Bank of Nigeria (CBN), Hamisu Abdullahi, highlighted the merit-based selection of Remita…
CBN Sets New Hurdles for Banks, Raises Capital Thresholds to N500bn, N200bn, Others
The Central Bank of Nigeria (CBN) yesterday announced new minimum capital requirements of N500 billion and N200 billion for commercial…
Citing Breach of Regulatory Provisions, CBN Revokes Licences of 4,173 BDCs
•Cardoso: Apex bank to clear genuine, verified FX backlogs of five banks soon •Sells N1.06tn OMO as interest rate on…
In Unprecedented Offensive to Tame Inflation, CBN Raises MPR to 22.75% from 18.75%
In one of its most audacious responses to the ravaging inflation in the country, the Central Bank of Nigeria (CBN)…