Why CBN is pushing for recapitalization again – Cardoso
The Central Bank of Nigeria, CBN, insisted weekend that further capitalisation of banks in the country was for the common good of the nation. CBN […]
CBN
Recapitalization will create stronger, more resilient banks-Cardoso
…. to support the Government’s economic growth agenda The Governor of the Central Bank of Nigeria(CBN), Mr. Olayemi Cardoso, has said that the Bank will continue to collaborate with relevant financial institutions, the […]
Cardoso optimistic about taming inflation
…Says CBN will adhere to conventional methods The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated the determination of the Bank’s Monetary Policy Committee (MPC) to tame inflation through conventional methods. Mr. Cardoso stated […]
Monthly inflation slows amid CBN policy tightening
Nigeria’s headline month-on-month inflation rate slowed for a third time in a row in May 2024, the clearestindicator yet that the Central Bank of Nigeria’s monetary policy tightening measures enacted this year are having the intended effect. Headline inflation decelerated in May to […]
CBN hosts dialogue with NESG, Organised Private Sector,
…Focuses on boosting economy The Central Bank of Nigeria (CBN) has hosted a dialogue between the Organised Private Sector (OPS) and the Bank’s leadership to explore strategies for enhancing Nigeria’s financial […]
Your money is safe, CBN reassures depositors
…Counters claim of more licence revocation Following claims in certain quarters about the stability of some Nigerian banks in the wake of Heritage Bank Plc’s […]
CBN revokes Heritage Bank licence
Hakama Sidi Ali Acting Director, Corporate Communications
CBN revokes Heritage bank’s licence
The Central Bank of Nigeria (CBN), has announced revocation of the licence of Heritage Bank Plc with immediate effect. This is according to a statement […]
Banks recapitalization: What’s in it for us?, Dayo Omoogun
Enhancement of banks’ capital base or restructuring of banks’ capital structure which is more popularly known in social parlance as bank recapitalization has become topical once again since the Central […]
CBN shares list of licensed deposit money banks for public awareness
The Central Bank of Nigeria has released a comprehensive list of licensed Deposit Money Banks operating within the country. The list, which was made public […]
Commercial banks stranded as N17.3 trillion stalls
Monetary tightening by the Central Bank of Nigeria (CBN) in a bid to curb stubborn inflation is restricting lenders (commercial banks) from extending credit to […]
CBN to hold 294th MPC meeting Monday
The Central Bank of Nigeria has announced the 294th meeting of the Monetary Policy Committee, a crucial gathering that shapes the nation’s economic policies. The […]
Tinubu appoints new South East nominee to CBN board after Eke declined
President Bola Tinubu has sought the Senate’s confirmation for Ruby Onwudiwe as a replacement for Dr Kalu Eke, who declined the President’s nomination as a […]
CBN awarded contracts to Emefiele’s wife, in-law – EFCC reveals
A witness of the Economic and Financial Crimes Commission, Agboro Omowera, told a Federal Capital Territory High Court in Maitama on Monday that 10 officials […]
Emefiele: Why we paid out $6.2 million, by CBN director
A deputy director in the Central Bank of Nigeria (CBN), Michael Onyeka Ogbu, has explained why the apex bank released $6,230,000 as payment to some […]