CBN To Introduce Tougher Capital Requirements For Banks
The Central Bank of Nigeria (CBN) said it will introduce new capital requirements for banks in the second quarter of 2019, a move that threatens to heap pressure on lenders…
FG’ll source forex from Dangote —CBN
The Federal Government will soon start sourcing foreign exchange (forex) from Dangote Group, as soon as the latter’s refinery, petrochemicals and fertiliser projects come on stream. This potential reversal of…
CBN Spurs Access To Banking Services
The Central Bank of Nigeria (CBN) has rolled out measures to ensure that at least 80 per cent of Nigerians have access to banking and other financial services. The apex…
Naira Firms As Dollar Weakens On Fed Rates Pause
The naira continued to remain strong as the Dollar is seen weakening on expectation that the Federal Reserve of the United States of America might pause its interest rate hike.…
ACCESS–DIAMOND BANK M&A: Banks’ share prices skyrocket,
Following the recent declaration of the acquisition of Diamond Bank Plc by Access Bank Plc yesterday investors have swooped on the shares of both banks pushing them to the top…
TSA Transaction 13.53trn- CBN
Lukman Amusa The Central Bank of Nigeria says the migration of the Federal Government Ministries, Departments and Agencies to the Treasury Single Account has led to positive growth in the…
Senate Confirms Keyamo As Board Member Of NDIC
Eniola Olayemi The senate has confirmed Festus Keyamo, spokesman of the President Muhammadu Buhari 2019 campaign organisation, as a board member of the Nigeria Deposit Insurance Corporation (NDIC). The…
Chigborogu Emerges Champion Of 2018 CBN Governor’s Cup
Eniola Olayemi Mr. Ugochukwu Chigborogu has emerged overall winner of the 2018 Central Bank of Nigeria (CBN) Governor’s Cup golf competition which took place at the IBB International…
Herdsmen Destroy N10 billion Farmlands In Adamawa
Eniola Olayemi Fulani herdsmen have destroyed farms worth more than N10 billion in Adamawa State, making the Central Bank of Nigeria (CBN) loan beneficiaries stranded and unable to repay…
CBN Pumps $26.765bn Into FX Market
Jennifer Akamanu The Central Bank of Nigeria (CBN) has pumped $26.765 billion into the interbank segment of the foreign exchange (forex) market since it started its forays into…
