CBN Archives - Page 19 of 50

Monthly Foreign Exchange Inflow Rose To $9.84bn –CBN

January 16, 2020 0

Aggregate foreign exchange inflow into the economy amounted to $9.84bn in November 2019, showing an increase of 7.5 per cent above the level at the end of the preceding month.

CBN Retains Minimum 65% Loan Deposit Ratio

January 9, 2020 0

The Central Bank of Nigeria (CBN)has retained the minimum 65 per cent of Loan Deposit Ratio (LDR) in the interim.

Banks Begin Implementation Of Reduced Charges

January 3, 2020 0

Some banks have commenced the implementation of the reduced bank charges as instructed by the regulator, the Central Bank of Nigeria, with effect from January 2020.

Economy Recorded $4.17bn Forex Deficit In One Year

December 30, 2019 0

A total foreign exchange of $58.01bn came into the economy through the Central Bank of Nigeria within a 12-month period covering November 2018 and November this year.

CBN Sets 100 Million Target For BVN Enrolment

December 30, 2019 0

The Central Bank of Nigeria has said it will get the number of people enrolled on Bank Verification Number system to 100 million ovet the next five years.

World Bank Warns CBN Against Support For Undercapitalised Banks

December 26, 2019 0

The World Bank has warned that the assets of Nigerian commercial banks may deteriorate if the Central Bank of Nigeria continues to support undercapitalised banks.

Pantami Lauds CBN’s Downward Review Of Electronic Transfer Fees

December 25, 2019 0

The Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim (Pantami), has hailed the decision of the Central Bank of Nigeria (CBN), to considerably reduce the cost of electronic cash transactions as well as Automated Teller Machine (ATM), card maintenance fees.