…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By Kayode Tokede The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 11 International Money Transfer Operators (IMTOs) in the country’s foreign exchange market.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…
By Kayode Tokede The Central Bank of Nigeria (CBN) has said the foreign exchange reserves sustained its decline, as outflows from the reserves outstripped inflows. Thus, it dipped by $151.21 million Week-on-week (w/w) to $34.44 billion as at March 17,…
By Kayode Tokede The Central Bank of Nigeria (CBN) has reportedly appointed KPMG LLP as transaction adviser for its newly set up infrastructure fund, according to an insider familiar with the matter who wants to remain anonymous. According to a…
Vacates proposed suspension of DMBs rom USSD the outcome of the meeting between the CBN, NCC, deposit money banks and mobile network operators (MNOs) over a protracted dispute concerning appropriate pricing for the USSD pricing model for financial services which…
By Kayode Tokede The Central Bank of Nigeria (CBN), Africa Finance Corporation (AFC), and Nigeria Sovereign Investment Authority (NSIA) have extended the deadline for expressions of interest from qualified asset managers active in the infrastructure sector to manage the Infrastructure…
By Kayode Tokede The Central Bank of Nigeria (CBN) is set to hold its second Monetary Policy Meeting (MPC) by next week’s Monday and Tuesday. The first meeting was held January 25-26 and the second this month is the 278th…
