The Central Bank of Nigeria (CBN) said it will introduce new capital requirements for banks in the second quarter of 2019, a move that threatens to heap pressure on lenders already weighed down by bad loans.
Read more at...
Senate has asked Governor of the Central Bank of Nigeria (CBN) Mr. Godwin Emefiele, his officials and chief executives of commercial banks, as well as other stakeholders including forensic auditors to appear before it and proffer answers to arbitrary financial charges issued to customers. The...
Godwin Emefiele, Governor, Central Bank of Nigeria Manufacturer’s in the country have one less thing to worry about as the Central Bank of Nigeria CBN has reinstated 36 raw materials that were removed from the official foreign exchange window in May 2015. President of the Manufacturers...
The Central Bank of Nigeria (CBN) yesterday injected $210 million into various segments of the inter-bank market as the value of naira dipped to N305.70 to the dollar at the official window. The naira which closed last week Friday at N305.65 to the dollar at CBN window before dropping …
The Central Bank of Nigeria (CBN) has disclosed that foreign exchange buffer has appreciated to $40.4 billion as at Friday, January 5, 2018. Despite the increase in foreign reserves, the CBN injected a total of $210 million into the interbank Foreign Exchange Market in the first round of trading...
The Central Bank of Nigeria (CBN) on Monday intervened in the foreign exchange market with $81.2 million, covering invisibles and Small and Medium Enterprises (SMEs) segments.
The intervention, which came on the heels of $389 million offer in the retail segment of the forex market last weekend...
cbn pumps $81.2m in forex market
central bank of nigeria
The Central Bank of Nigeria Monetary Policy Committee (MPC) has retained the Monetary Policy Rate (MPR) at 14 per cent alongside all other policy parameters as in the last nine months.
Rising from the 254th meeting of the MPC, the Central Bank of Nigeria (CBN) said an interest rate cut at this...
central bank of nigeri
mopc january meeting
why cbn mpc retains interest rate
A group of heavily armed kidnappers yesterday abducted Margaret Emefiele, the wife of Nigeria’s Central Bank Governor, Godwin Emefiele.
A source close to Mr. Emefiele told Sahara Reporters that Mrs. Emefiele was kidnapped along the Benin-Agbor Road.
The source disclosed that the kidnappers...
central bank governor
margaret emefiele kidnapped
Here's a piece from Enobong Udoh, a development expert who's of the opinion that the Central bank of Nigeria, CBN, is failing big time in its primary duties.
According to him, the CBN lacks the proper brains to manage the country's economy.
Every economist will tell you the foremost role...
central bank of nigeria
The Central Bank of Nigeria, CBN, has threatened to suspend bank CEOs and MDs if they fail to publish their audited financial statements within the stipulated period.
In accordance with BOFIA 2010 LFN, CBN said banks are required to publish not later than four months after the end of each...
The Central Bank of Nigeria, CBN, on Wednesday released modalities of Nigeria's new foreign exchange market.
Here are 8 implications of the new fx policy regime:
Activities and trades on the black market will drop as people will start buying from the inter-bank market.
The foreign exchange...
Nigeria's President Muhammadu Buhari is in support of CBN's "technical" devaluation of the Naira, a Bloomberg report claims.
The CBN governor, Godwin Emefiele, had sowed seeds of confusion into the public domain when he announced that the apex bank had removed the peg on the naira-dollar...