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CBN
Nigeria’s Central Bank Lowers Rate, Foreign Reserves Surge to $50bn
BY NKECHI NAECHE-ESEZOBOR—Nigeria’s Central Bank of Nigeria has reduced its key interest rate to 26.5 percent, citing easing inflation and stronger banking sector...
MPC Reduces MPR by 50bps to 26.50%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at today’s policy meeting, voted to: Reduce the MPR by 50bps...
Cardoso: 20 Banks Meet CBN Capital Requirement as ₦4.05trn Recapitalisation Gains Momentum
BY NKECHI NAECHE-ESEZOBOR—Central Bank of Nigeria Governor, Mr. Olayemi Cardoso, has disclosed that a total of ₦4.05 trillion has been verified and approved...
Cardoso Hails AU Approval of Nigeria’s Permanent Seat on African Monetary Institute Board
BY NECHI NAECHE-ESEZOBOR—Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has welcomed the approval by the African Union (AU) granting Nigeria...
Sterling Bank, AltBank Fully Recapitalised as HoldCo Secures Final Regulatory Approvals
Sterling Financial Holdings Company Plc has confirmed that its core banking subsidiaries, The Alternative Bank (AltBank) and Sterling Bank, are fully recapitalised in...
Recapitalisation: Universal Insurance Meets MCR Statutory Deposit, Pays ₦1.165bn to CBN
BY NKECHI NAECHE-ESEZOBOR—Universal Insurance Plc has reinforced its financial strength and regulatory compliance by successfully meeting a key recapitalisation requirement under the Nigerian...
CBN Approves Weekly $150,000 FX Sales to BDCs to Boost Retail Liquidity
BY NKECHI NAECHE-ESEZOBOR-The Central Bank of Nigeria (CBN), on Tuesday said it has approved the participation of licensed Bureau De Change (BDC) operators...
CBN Eases Import Process with Temporary Use of Expired NAFDAC Licences
BY NKECHI NAECHE-ESEZOBOR-The Central Bank of Nigeria has granted a temporary dispensation permitting importers to use National Agency for Food and Drug Administration...
