By Sodiq Adelakun The Central Bank of Nigeria (CBN) has refuted claims that certain Nigerian banks have failed to meet the capital adequacy ratio. Earlier reports had indicated that approximately eight banks with international authorisation were below the regulatory threshold…
The Central Bank of Nigeria (CBN) says media reports listing banks as failing the Capital Adequacy Ratio (CAR) stress test for international authorisation are false and should be disregarded. The Acting Director, Corporate Communications, Mrs Hakama Sidi Ali, said in…
Amidst complaints by some Nigerians about scarcity of Naira notes, the Central Bank of Nigeria (CBN) says there is adequate supply of the currency. The News Agency of Nigeria (NAN) reports that CBN gave the assurance against the beck drop…
The Nigerian Naira weakened to a new low on the American Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, December 8, amid speculations that the Central Bank of Nigeria (CBN) has again devalued the local currency. In…
By Sodiq Adelakun The Central Bank of Nigeria (CBN) has responded to complaints from Nigerians about a scarcity of Naira notes, stating that there is an adequate supply of the currency. This assurance comes in the face of complaints from…
In a joint effort to reduce the inflationary pressure on Nigeria’s economy, the International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to again hike its Monetary Policy Rate (MPR) Director of Communications, Ms. Julie Kozack speaking…
The Chief Executive Officer, Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf has urged the Central Bank of Nigeria (CBN) to adopt a holistic approach to tackle the prevailing exchange rate difficulties. Yusuf gave the advice in an…
By Sodiq Adelakun In a significant move to bolster the ease of doing business in Nigeria, the Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso, has officially approved a revised “Service Charter” for the nation’s apex bank. This…
By Sodiq Adelakun In a significant move to bolster the ease of doing business in Nigeria, the Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso, has officially approved a revised “Service Charter” for the nation’s apex bank. This strategic…
CBN governor, Mr Yemi Cardoso, has approved the reviewed “Service Charter’’ of the apex bank. The News Agency of Nigeria (NAN) reports that the service charter is a requirement of the Business Facilitation Act 2022 for driving the ease of…
