CBN Archives - Page 22 of 50

Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks

August 26, 2019 0

The Central Bank of Nigeria (CBN) and commercial banks in the country have agreed that loan defaults will be settled using deposits made in other banks.

Beware Of Loans Offered On Social Media—CBN

August 26, 2019 0

The Central Bank of Nigeria has cautioned Nigerians, especially youths and owners of small-scale businesses against fraudulent messages on social media requesting loan seekers to apply for a loan in the name of CBN.

CBN Sets Limits For Banks On NPL

August 26, 2019 0

The Central Bank of Nigeria has set new limits for banks and other financial institutions on non-performing loans to reflect in their books The bank disclosed this in its exposure draft on prudential guidelines to microfinance banks, Deposit Money Banks, Mortgage refinance companies, finance companies, and Development Finance Companies.

Emefiele: EFCC Investigating How P&ID Deal Was Approved

August 19, 2019 0

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the Economic and Financial Crimes Commission (EFCC) is investigating the approval of the Process and Industrial Development gas processing deal.

CBN to Disburse Lower Currency Denominations To MFBs

August 16, 2019 0

The Central Bank of Nigeria (CBN) has released guidelines for the disbursement of lower denominations of the naira through microfinance banks (MFBs) across the country.

Nigeria Records $15bn Investments In Six Months

August 1, 2019 0

Between January and June this year, the Nigerian economy recorded a total investment commitment of $15.15bn in various sectors of the economy, the Nigerian Investment Promotion Commission has said.

CBN Injects $210m Into Forex Market

July 31, 2019 0

The Central Bank of Nigeria has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market after the transactions on Tuesday, July 30.

Again, CBN Leaves Benchmark Lending Rate Unchanged At 13.5%

July 23, 2019 0

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 13.5 per cent.

CBN Licences Three New Banks

July 23, 2019 0

The Central Bank of Nigeria (CBN) has expanded the banking space in the country with the issuance of banking licences to three new players in the industry.