The Central Bank of Nigeria (CBN) has played a pivotal role in bolstering the mortgage banking sector by disbursing loans and advances amounting to N37.6 billion,...
This latest update comes as part of the CBN's ongoing efforts to optimize financial operations and meet the unique needs of various financial institutions.
The meeting commenced with the ordinary business proceedings, where reports from various stakeholders were laid before the members.
The CBN announced that the cash reserve ratio for merchant banks, which specialize in providing financial services to businesses and individuals, will be reduced from 32.5%...
Nigeria’s recent cash shortages exposed the vulnerability of the country’s alternative payment systems and have brought renewed momentum towards a cashless economy, fueling a surge in...
The report obtained from FITC's website also highlighted a total of 12,553 recorded cases of fraudulent activities during this period.
Borrowings from CBN Hit Record High: Nigerian Banks Grapple with Increasing Reliance Alarming Trend: Nigerian Banks' Borrowings from Central Bank Soar by 140% in H1 2023
Telecom industry takes a tough stance, refusing to forgive banks' N120bn debt and threatening disconnection
Director-General Emphasizes Benefits and Urges Public-Private Partnerships for Seamless Production
Customers Can Conveniently Convert US Dollars to Naira via Internet Banking Platform