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Tag "central bank of nigeria"

Credit tribunal to help banks recover loans as Buhari assents 2020 BOFIA

    Credit tribunal to help banks recover loans as Buhari assents 2020 BOFIA

President Muhammad Buhari has signed the 2020 Banks and Other Financial Institutions Act into law. According to a statement signed by Garba Shehu, the senior special assistant to the president

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CBN gets court order to freeze accounts of #EndSARS ‘promoters’

    CBN gets court order to freeze accounts of #EndSARS ‘promoters’

The federal high court sitting in Abuja has granted the Central Bank of Nigeria’s request to freeze the accounts of 19 individuals and a public affairs company linked to the

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GTBank obtains approval to restructure as holding company

    GTBank obtains approval to restructure as holding company

Guaranty Trust Bank (GTBank), Nigeria’s biggest bank by market capitalisation, has obtained an approval-in-principle from the Central Bank of Nigeria (CBN) to commence a formal process of restructuring to a

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CBN releases framework for disbursement of N75bn youth investment fund

    CBN releases framework for disbursement of N75bn youth investment fund

The Central Bank of Nigeria (CBN) has released the framework for NIRSAL Microfinance Bank (NMFB) to commence the disbursement of N75 billion Nigeria Youth Investment Fund (NYIF). This was contained

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CACOVID: Why distribution of COVID-19 palliatives differed across states

  CACOVID: Why distribution of COVID-19 palliatives differed across states

Members of the private sector-led coalition against COVID-19 (CACOVID) has explained that the delay in the distribution of relief items

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Cost of loans to reduce as CBN MPC cuts benchmark interest rate to 11.5%

  Cost of loans to reduce as CBN MPC cuts benchmark interest rate to 11.5%

The monetary policy committee of the Central Bank of Nigeria (CBN) has announced that the monetary policy rate (MPR), which

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Report: Stallion, Promasidor listed as CBN expands investigation on forex infractions

  Report: Stallion, Promasidor listed as CBN expands investigation on forex infractions

The Central Bank of Nigeria (CBN) has extended its investigation on alleged forex infractions to 100 companies, THISDAY is reporting.

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CBN requests domiciliary account statements of ‘Baba Ijebu’, Nairabet founders

  CBN requests domiciliary account statements of ‘Baba Ijebu’, Nairabet founders

The Central Bank of Nigeria (CBN) has requested that all banks in the country submit the statements of domiciliary accounts

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N500m limit, 100% imported solar systems prohibited… Terms of CBN’s solar intervention fund

  N500m limit, 100% imported solar systems prohibited… Terms of CBN’s solar intervention fund

The Central Bank of Nigeria (CBN) has launched a solar intervention fund as part of efforts to provide affordable electricity

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UBA, First Bank CEOs quit NESG board over criticism of CBN policies

  UBA, First Bank CEOs quit NESG board over criticism of CBN policies

The chief executive officers of three banks have resigned from the board of the Nigerian Economic Summit Group. The CEOs,

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