Moody’s declares 65% LDR for Nigerian banks as credit-negative – what are the implications for the economy?
20 January 2020 | 7:00 am
Moody's Investors Service says meeting the Central Bank of Nigeria's (CNB) minimum requirement of 65 per cent Loan-to-Deposit ratio will be credit negative for the banks as they expect Nigerian banks to potentially make riskier loans to meet the LDR target by March. Peter Mushangwe, Banking Analyst at Moody’s joins CNBC Africa from London for more.
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.
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.
4 Dec 2021
In October, the Central Bank of Nigeria launched the hugely-anticipated eNaira, joining the small league of countries to own their digital currency. But it hasn’t been smooth sailing for the currency that, according to the CBN, offers more possibilities. What do you think about the eNaira? How would you describe your experience with the eNaira app?
18 mins ago
A religious party in Pakistan has filed a petition against a law that protects the rights of transgender people. Opponents say the legislation could act as a gateway to enable same-sex marriage.
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In this edition we look back at a terrible shipwreck with a death toll even heavier than the Titanic. On September 26, 2002, the Joola disaster claimed at least 1,800 lives. The ferry was sailing between the Senegalese province of Casamance and the capital Dakar. In
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Ukraine launched a major counter-offensive in the Kharkiv region on September 6. This operation surprised Russia and led to the withdrawal of Russian soldiers from several strategic cities in eastern Ukraine, such as Izium. Our reporters Gulliver Cragg and Gwendoline Debono met with Ukrainian soldiers who took part in the counter-offensive and spoke to two of the operational commanders.
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Iran has been shaken by violent mass protests after a young woman dies while in police custody, having been detained for not properly wearing a headscarf. Annette Young talks to Sussan Tahmasebi, a women's rights activist and Iranian specialist.
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The British pound has fallen to its lowest level in decades against the US dollar, amid fears over runaway inflation and recession. The government has announced a drastic plan to cut taxes, claiming it will boost growth.
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Olawale Abdulmajeed, a 32-year-old Nigerian medical student, fled Ukraine after the Russian invasion. His escape took him from Dnipro, Ukraine, all the way to Dordrecht in the Netherlands. With the sound of exploding bombs still in his ears, he is now trying to make a new life. But how did he experience the whole escape? And what difficulties is he facing now? Olawale tells his story.