Cash Crunch Drives 171% Surge in Banks’ Borrowings from CBN
A significant liquidity squeeze in the interbank money market has led to a sharp increase in banks’ borrowings from the ...
Tag: CBN
Banks Implement New ATM Withdrawal Charges Amid Public Concerns
Banks across Nigeria have begun enforcing new ATM withdrawal fees as directed by the Central Bank of Nigeria (CBN), prompting ...
CBN Calls on Nigerian Banks to Adopt Global Standards to Combat Illicit Financial Flows
In a bid to strengthen the integrity of Nigeria’s financial system, the Central Bank of Nigeria (CBN) has urged financial ...
Nigeria’s Net Domestic Credit Drops to N99.4 Trillion in January 2025, CBN Reports
Nigeria’s net domestic credit experienced a significant decline, falling to N99.41 trillion in January 2025, according to the latest Money ...
Analyst Urges CBN to Prioritize Exchange Rate Stability Over Interest Rates
In a recent episode of Nairametrics TV’s *Drinks and Mics* show, Samson Esemuede, Chief Investment Officer at Zrosk Investment Management ...
CBN Maintains Interest Rates at 27.5% Amid Early Signs of Inflation Easing
The Central Bank of Nigeria (CBN) has decided to keep its benchmark interest rate, the Monetary Policy Rate (MPR), unchanged ...
Naira Strengthens to N1,514/$1 in Parallel Market Amid CBN’s Forex Policy Impact
The Nigerian naira continued its upward trend in the parallel market, appreciating to N1,514 per US dollar on Wednesday, February ...
CBN Directs Banks to Publish Details of Dormant Accounts and Unclaimed Balances Online
The Central Bank of Nigeria (CBN) has issued a new directive requiring banks and other financial institutions to publicly disclose ...
CBN Directs Bank Directors with Non-Performing Loans to Resign
In a bold move to strengthen corporate governance and mitigate financial risks, the Central Bank of Nigeria (CBN) has ordered ...
CBN Mandates Nigerian Banks to Reduce Insider Loans Within Six Months
In a significant move to strengthen corporate governance and curb excessive risk-taking, the Central Bank of Nigeria (CBN) has issued ...
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