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…
Tag: CBN
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)…
Cardoso: With $1.8bn Inflow Last Week, Nigeria’s Economy Has Positive Outlook
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, yesterday, said despite the apparent gloomy picture of the country’s…
Tinubu Asks Senate to Confirm Five Nominees as CBN Board Directors
President Bola Tinubu has asked the Senate to confirm the appointment of five nominees into the board of the Central…
Forex Market Records $1.83 Billion Turnover in One Week Amid Reforms
*Cardoso urges Nigerians to moderate appetite for dollar, patronise local services *Says apex bank has resolved to end ways and…
CBN Bars Banks, Others from Referencing Unaudited Accounts in Sales Promotion
The Central Bank of Nigeria (CBN) yesterday issued the revised Consumer Protection Regulations, to give effect to the principles contained…