By Kayode Tokede The Central Bank of Nigeria (CBN) has asked all Development Finance Institutions (DFIs), Microfinance Banks (MfBs), Primary Mortgage Banks (PMBs) and Finance Companies (FCs) in the country to register on its credit risk management system (CRMS). This…
The Central Bank of Nigeria (CBN) has reportedly suspended finTechs and other third-party partners from offering Biometric Verification Number (BVN) validation service. This was made known in an email from Paystack to customers which stated, “We’ve recently been made aware…
…Belfour Energy tops list By Kayode Tokede The Central Bank of Nigeria (CBN) between Wednesday and Thursday announced that it got an interim order from the Federal High Court, Abuja division, to freeze 205 bank accounts of individual and companies’…
College, Keffi, Nasarawa State, Mr Idris Ohimege has lauded the Central Bank of Nigeria (CBN) for its intervention projects at the institution. He also hailed the State Government and some of the old boys of the school for contributing positively…
The Central Bank of Nigeria (CBN) has said the nation’s foreign reserves dropped by $177.million or 0.51 per cent in March to $34.82billion from $34.99billion it opened in the month under review. In 2021, the foreign exchange buffer dropped by…
…as Stanbic IBTC pays N32m penalty for cash evacuation to offshore accounts By Kayode Tokede The Central Bank of Nigeria (CBN) and the Securities Exchange Commission have imposed penalties of N277 million on Stanbic IBTC. The breakdown shows that N32million…
By Kayode Tokede The Central Bank of Nigeria has said Non-Performing Loans (NPL) ratio of banks jumped to 6.3per cent for the month of February 2020. The NPL ratio measures the rate of bank loans that are either going bad…
By Kayode Tokede In the midst of confessed policy dilemma and other monetary considerations, the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has retained the Monetary Policy Rate at 11.5 per cent. CBN Governor, Mr Godwin Emefiele, who…
By Kayode Tokede Currency in circulation dropped by 1.8 per cent to N2.78trillion in February from N2.83trillion reported by Central Bank of Nigeria (CBN) in January 2021 Our correspondent gathered that currency in circulation in its Year-to-Year performance gained 27…
By Kayode Tokede The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 11 International Money Transfer Operators (IMTOs) in the country’s foreign exchange market. In the list of released by the CBN on Monday, only 47 IMTOs…
