Wednesday, May 12, 2021
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Tag "central bank of nigeria"

Recession, CBN and naira in focus

    Recession, CBN and naira in focus

Africa’s largest economy has descended into its second recession in less than five years as oil production dropped to a four-year low. Nigeria’s GDP shrank 3.62% in the three months

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Bank customers to now pay for failed direct debit transactions

    Bank customers to now pay for failed direct debit transactions

Bank customers will now pay a charge for failed direct debit transactions. According to the Guide to Charges by Banks, other financial and non-financial institutions published by the Central Bank

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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

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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

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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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