Banks’ Deposit With Central Bank Declined by 68%
Banks’ Deposit With Central Bank Declined by 68% The 60 percent loan-to-deposit ratio policy of the Central Bank of Nigeria has helped bolstered credit facility…
Central Bank of Nigeria
LDR Boosts Credit to Private Sector, CBN Raises it to 65%
LDR Boosts Credit to Private Sector, CBN Raises it to 65% Following the effectiveness of the 60 percent loan-to-deposit ratio (LDR) directive on the private…
DMBs Must Support FG’s Job Creation Efforts -CBN
DMBs Must Support FG’s Job Creation Efforts -CBN The Central Bank of Nigeria (CBN) on Tuesday said the Deposit Money Banks (DMBs) must support the…
Experts Fault CBN’s Cashless Policy
Experts Fault CBN’s Cashless Policy Economic and financial experts have started telling the Central Bank of Nigeria (CBN) to ease charges being levied on consumers…
Cashless Policy: Banks to Charge 3% on Deposits
Cashless Policy: Banks to Charge 3% on Deposits The Central Bank of Nigeria on Tuesday directed all Deposit Money Banks to effect charges on deposits…
CBN Moves MPC Meeting to 19, September 2019
CBN Moves MPC Meeting to 19, September 2019 The Central Bank of Nigeria (CBN) has rescheduled the September 2019 Monetary Policy Committee (MPC) meeting. In…
CBN Directs DMBs to Dishonour Non-electronic Payment of Salaries, Others
CBN Directs DMBs to Dishonour Non-electronic Payment of Salaries, Others Payment of salaries, pensions, and taxes of public and private companies must be done through…
Deposit Mutilated Naira Notes in Any Bank Near You Says CBN
Deposit Mutilated Naira Notes in Any Bank Near You Says CBN In an effort to improve the quality of Naira notes in circulation, the Central…
CBN Spends $107bn on Imports in Five Years
CBN Spends $107bn on Imports in Five Years Over dependent on import products continued to hurt Nigeria’s foreign reserves despite efforts by the Federal Government…
CBN Raises Alarm Over Scam Loan Advert
CBN Raises Alarm Over Scam Loan Advert The Central Bank of Nigeria (CBN) has alerted Nigerians about internet fraudsters targeting small scale businesses, using fake…