20 Banks Have Scaled Recapitalisation Hurdle, 13 Others At Advanced Stages- Cardoso
Nigeria’s Central Bank Governor, Dr. Olayemi Cardoso has disclosed that 20 banks have fully met the new minimum capital requirements, while a further 13 banks...
Tag : Bankers Committee
Monetary Policy Ratios: CBN Shuffles the Cards
The Central Bank of Nigeria through its organ, the Monetary Policy Committee announced Tuesday a reduction in the Monetary Policy Rate from 27.5 to...
CBN Affirms Strength of Banking Sector, Sets Routine Transitional Guidance for Select Institutions
To support a smooth transition, the CBN has allowed limited, time-bound flexibility within the capital framework, consistent with international regulatory norms. Nigeria generally maintains Risk-Based...
Nigeria’s Banking Sector Resilient, Safe, Sound- CBN Reassures
Like all other regulated institutions, the institution referenced in these reports is held to stringent regulatory requirements, and there is no cause for concern regarding...
Both Old, New Series of N1000, N500, and N200 Denominations Remain Valid – CBN
"For the avoidance of doubt, all versions of the naira, including the old and new designs of N1000, N500, and N200 denominations, as well as...
Again, CBN Sells $148m To 29 Authorised Dealers
The Central Bank of Nigeria (CBN) sold a cumulative amount of US$148m to Authorised Dealers in the Nigerian Foreign Exchange Market (NFEM) to provide liquidity...
CBN Act Amendment: Cutting the Head Off to Treat Headache?
By Dayo Omoogun There is palpable anger against the Emefiele regime that held sway at the Central Bank of Nigeria from June 2014 to June...