CBN Revises Cash Reserve Ratio for Merchant Banks, Slashing it to 10%
In a move aimed at stimulating economic growth, the Central Bank of Nigeria (CBN) announced on Friday its decision to ...
Tag: CBN
CBN Mandates Approval from Central Bank for Acquiring 5% Stake in Nigerian Banks
In a bid to enhance corporate governance and safeguard the interests of shareholders in Nigerian banks, the Central Bank of ...
BDC Operators Call for Increased Participation in Nigeria’s Foreign Exchange Market.
Bureau de Change (BDC) operators in Nigeria are advocating for greater involvement in the foreign exchange market to ensure the ...
CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.
The Central Bank of Nigeria (CBN) has given International Oil Companies (IOCs) the green light to resume the sale of ...
Unravelling PND abuse in Nigeria’s banking system.
In his inaugural speech, President Bola Tinubu mentioned that monetary policy needed thorough ‘housecleaning’. Since then, Godwin Emefiele has been ...
CBN, NSA exposed $616m deals Raise Concerns of Opaque Dealings.
In a revelation that sheds light on the opaque dealings of the Central Bank of Nigeria (CBN) under the recently ...
Analyzing Nigeria’s Money Supply: Money Supply drops, as currency in circulation rises by 6.32%
Money supply, also known as M3, decreased by 0.43 percent in May 2023 according to the Central Bank of Nigeria ...
CBN Supplies $29.5 Million at FX Auction as Naira Depreciates at I&E Window.
The Central Bank of Nigeria (CBN) injected approximately $29.5 million into the foreign exchange (FX) market during the recent auction ...
Key Takeaway from the CBN’s Newly Introduced Customer due Diligence Rules.
The Central Bank of Nigeria (CBN) has taken a significant step in its fight against financial crimes by introducing the ...
CBN increases Fines and Penalties for Non-Compliance of Customer Due Diligence Regulation.
The Central Bank of Nigeria (CBN) has released the Customer Due Diligence (CDD) regulations for 2023, aimed at assisting financial ...
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