Bankers Disagree with CBN’s Recapitalization Terms, Exclusion of Retained Earnings Criticized
The banking sector is abuzz with dissent following the Central Bank's recent announcement of revised capital requirements, which exclude retained ...
Saturday, January 11, 2025
Tag: CBN
Nigerians Owe CBN N261.07 Billion COVID-19 Loan – Report
According to reports, some Nigerians who benefited from the Central Bank of Nigeria (CBN) and NIRSAL Microfinance Bank's targeted credit ...
CBN increases capital base for mega banks to N500 billion, smaller banks N200 billion
The Central Bank of Nigeria (CBN) has implemented a significant reform, increasing the minimum capital base for commercial banks with ...
CBN Sells N1.64 Trillion in Treasury Bills Amid High Investor Interest
According to the auction result report, the Central Bank of Nigeria (CBN) recently concluded a successful auction of Nigerian Treasury ...
Federal Government Orders Banks to Deduct 0.375% Stamp Duty Charges on Loans
In a recent directive, the Federal Government of Nigeria has instructed commercial banks to deduct and remit 0.375% on all ...
CBN raises benchmark MPR by 200 basis points to 24.75%
The Monetary Policy Committee (MPC) of the CBN has announced a significant increase in the benchmark interest rate by 200 ...
CBN directs BDCs to sell dollar at N1,269
The Central Bank of Nigeria has disclosed that it will be allocating $10,000 to each Bureau de Change operator at ...
CBN sells forex to BDCs at N1,251/$1
Forex, the Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change (BDC) operators, notifying them that ...
CBN Reports N193 Billion Intervention Loans Lost
A recent report from the Central Bank of Nigeria (CBN) disclosed that out of the total intervention loans amounting to ...
CBN Schedules 294th MPC Meeting for Monday
The Central Bank of Nigeria (CBN) is gearing up for its 294th Monetary Policy Committee (MPC) meeting, a pivotal gathering ...
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