No Plans to Revoke Polaris, Unity, Keystone Banks’ Licences
Contrary to rife speculations in the media that the licences of three more banks are to be revoked by the Central Bank of Nigeria following...
Tag : CBN
Banks Recapitalisation: What’s in it For Us?
For example, following the Soludo recap, the number of banks operating in the country crashed by about 72% from 89 to 25 banks which clearly...
CBN Clears Valid FX Backlog, Achieves Clean Slate
"It was important that we go through an independent and credible process that would determine the authenticity of those obligations, and, at this point, I...
CBN Strategies Yielding Results as Dollar Remittances Quadruple, Foreign Investors Return
“All the different measures we have taken to boost reserves and create more liquidity in the markets have started to pay off,” Governor Cardoso said....
Foreigners Bid 79% in Oversubscribed CBN N1 Trillion OMO Bills
The sale was not only oversubscribed but attracted a huge proportion of foreign bids....
CBN Revokes Operational Licenses of 4,173 BDCs
The Central Bank of Nigeria (CBN),in exercise of the powers conferred on it under the Bank and Other Financial Institutions Act (BOFIA) 2020, Act No....
MPC Targets Inflation Reduction, Raises MPR by 400 Basis Points
The decisions include: raising the MPR from 18.75 to 22:75 per cent, an increase of 400 basis points, adjustment of the asymmetric corridor around the...
FX Backlog: CBN Clears All Verified Claims By Airlines
….Injects $64m Into Forex Market The Central Bank of Nigeria (CBN), fulfilling its pledge to clear the backlog of foreign exchange owed foreign airlines in...
First MPC Meeting Under Cardoso Slated for Feb 26-27
…… As CBN Holds Preparatory Strategy Session The first meeting of the Apex Bank’s Monetary Policy Committee under the tenure of Mr. Olayemi Cardoso as...
CBN Clears $2bn Fx Liabilities Owed to 14 Banks, Others
….Puts In Place Independent Forensic Verification Protocol The Central Bank of Nigeria (CBN), in its bid to clear the backlog of outstanding foreign exchange liabilities,...