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CBN Directs Commercial Banks To Maintain Loan To Deposit Ratio Of...

The Central Bank of Nigeria (CBN) has direct commercial banks to have a minimum loan to deposit ratio (LDR) of 60 per cent by...

Total Capital Importation into Nigeria Hits $8.49bn in Q1, Says NBS

The National Bureau of Statistics (NBS) has disclosed that total value of capital importation into Nigeria stood at $8,485.49 million in the first (Q1)...

 CBN mulls over fresh recapitalization for commercial banks

The Central Bank of Nigeria (CBN) is considering  fresh recapitalization programme for commercial  banks operating in the country. The CBN governor, Mr. Godwin Emefiele, who...

Aggregate Outflow of Foreign Exchange Fell by 6.7% – CBN

  The Central Bank of Nigeria (CBN) has said aggregate outflow of foreign exchange fell by 6.7 per cent below the level at the end...

Currency in Circulation Drops to N2.11 trn, Says CBN

The Central Bank of Nigeria (CBN) has said currency in circulation dropped to N2.11 trillion in May from N2.16 trillion reported in April 2019. The...

No Monies Missing, Stolen- CBN

The Management of the Central Bank of Nigeria (CBN) has been notified of a purported audio recording of selective conversations amongst the Governor, Deputy...

Ex-CBN Director Lauds Buhari for Reappointing Emefiele

  A former Director of the Budgetary Department of the CBN, Dr Titus Okunronmu, has commended President Muhammadu Buhari for re-appointing Mr Godwin Emefiele as...

CBN Governor’s Job Not Threatened, Say Presidency Sources

The job of Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, is not threatened in any way, some sources within the...

Access, Diamond Banks Gets CBN ‘No-Objection’ For Merger Write SEC, Pencom,...

The managements of Access Bank Plc and Diamond Bank Plc, on Wednesday said they have received a “no-objection” letter from their primary regulator- the...

Nigeria Lacks Capacity to Export Perishable Goods

In spite of its huge potential in production of perishable products, Nigeria currently lacks the conditioning centres as the cold chain in exporting the...
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