CBN raises banks’ Loan to Deposit Ratio to 65%
13 October 2019 |
3:28 pm
The Central Bank of Nigeria has reviewed upwards the minimum loan-to-deposit-ratio (LDR) for banks in the country from 60 to 65 per cent. The new directive comes just after the closure of September 30th deadline set by the regulator for banks to meet the 60 per cent loan-to-deposit-ratio. Meanwhile, oil prices steadied today although gains were capped as weak economic readings in the United States depressed global markets. Research Analyst at Financial Derivatives, Funmi Adebowale joins CNBC Africa for more.
Related
5 Oct 2017
Ivan Krastev is the chairman of the Centre for Liberal Strategies in Sofia, and a permanent fellow at the Institute for Human Sciences in Vienna.
13 Nov 2017
As president of Venezuela's Constituent Assembly, Delcy Rodriguez is the second most important figure in the Maduro regime.
23 Jan 2018
Rex Tillerson and UK Foreign Secretary Boris Johnson praise bilateral relations between Britain and the U.S.
24 Feb 2018
The latest Florida shooting resulted in 17 deaths and shook the corridors of power in Washington. Donald Trump is now talking about reviewing who is allowed to buy certain types of guns. Will this be a turning point in the United States? Also, the balance of power is shifting in Syria as Assad backs the Kurds against Turkish forces in Afrin.
14 May 2018
This unprecedented move signals a dramatic shift in US foreign policy and has triggered a fierce controversy - as the status of Jerusalem is one of the most contentious issues in the conflict between Israel and the Palestinians.
17 Jun 2018
Macro Risk Advisors' Chris Kettenmann discusses his options strategy with Bloomberg's Julie Hyman on "Bloomberg Markets."
13 Aug 2018
President Vladimir Putin has not yet ordered retaliatory sanctions against the United States because Washington has not yet introduced new restrictions on Moscow and it is unclear what those curbs will be, the Kremlin said on Monday.
28 Mar 2019
The Central Bank of Nigeria says its decision to slash the Monetary Policy Rate by 50 basis points was a signal to a new direction of its policy position. Muda Yusuf, Director General of the Lagos Chamber of Commerce and Industry joins CNBC Africa to discuss the wider implications of this new stance.
17 Apr 2019
Bloomberg's Michael McKee examines the trade aspects negatively impacting the United States as it talks with Japan and China and prepares for meetings with Europe.
25 Jun 2019
Governor of the Central Bank of Nigeria, Godwin Emefiele will unveil his 5-year plan for his second term in office later today. Egie Akpata, Director General of Union Capital Markets joins CNBC Africa for the outlook of Nigeria’s capital market this week.
26 Jun 2019
Governor of Nigeria's Central Bank says the apex banks development finance efforts have been driven by the need to reduce reliance on crude as smuggling and dumping over the years have led to a demise of Agriculture. Obiora Madu, CEO of Multimix Group joins CNBC Africa to discuss some developments impacting Nigeria's non-oil exports.
Latest
51 mins ago
The country's main opposition party has led protests against a proposal to integrate Bulgarian minority rights. Such a move would be necessary to continue EU accession talks.
52 mins ago
On February 24, the first day of Russia's war in Ukraine, Moscow's troops took over Chernobyl, the scene of the world's worst ever nuclear accident. Following a 35-day occupation, Ukraine regained control of the defunct plant but workers have had a hard time returning it to regular functioning. Employees were forced to rebuild IT systems from scratch after specialist equipment and software was ransacked by Russian soldiers. Chernobyl remains a highly volatile site, with hundreds of tonnes of radioactive material still sitting under a protective cover.
2 hours ago
The sanctions have badly hit Mali, with its economy already under severe strain from military coups and a decade-long jihadist insurgency.
2 hours ago
Is there a shift in how the US justice system deals with police shootings?
4 hours ago
A large chunk of glacier broke loose and slammed into hikers on the Marmolada mountain in the eastern Dolomites, rescue services said. At least six people have been killed.
5 hours ago
The president has acknowledged people were killed in mass protests in recent days. People in Karakalpakstan were outraged by an attempt to strip out language in the constitution guaranteeing the region's sovereignty.