Tag: CBN
Naira loses 5.3% against dollar at official market
The Naira on Tuesday, April 23, 2024 depreciated at the official market, trading at N1,300.15 to the dollar.
Data from the official trading platform of...
Fresh charge: Emefiele printed N684.5m with N18.9bn
Former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has landed in another trouble in addition to the series of litigations against...
CBN approves sale of $10,000 at N1,021/$ to 1,583 BDCs
The Central Bank of Nigeria (CBN) has approved the sale of an additional $10,000 to 1,583 eligible Bureaux De Change (BDCs) in the country...
CBN reduces banks LDR to 50%
The Central Bank of Nigeria (CBN) has reduced the Loan-to-Deposit Ratio (LDR) of deposit money banks from 65 per cent to 50 per cent.
This...
ICYM: How I collected over $3m cash for Emefiele – CBN...
A Senior Supervisor with the Central Bank of Nigeria (CBN), Monday Osazuwa, has opened up on how he collected money on behalf of former...
Abuse of power: Court admits Emefiele to N50m bail
An Ikeja Special Offences Court on Friday, April 12, 2024 admitted former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, to bail in the...
CBN bans foreign currencies as collateral for naira loans
The Central Bank of Nigeria (CBN) has directed all banks in the country to stop the use of foreign currencies as collateral for naira...
CBN sells $10,000 to BDC operators at N1,101/$
The Central Bank of Nigeria (CBN) has approved daily sales of $10,000 to 1,588 eligible Bureau De Change (BDC) operators at the rate of...
CBN pegs minimum capital base For banks at N500bn
The Central Bank of Nigeria (CBN) has put the minimum capital base for commercial banks with international authorisation at N500 billion.
The CBN directed all...
CBN raises interest rate to 24.75%
The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) by 200 basis points to 24.75 per cent.
The MPR was raised...
