Central Bank of Nigeria - Page 3

How will COVID-19 impact Nigerian banks’ half-year earnings?

This month marks a year since the Central Bank of Nigeria introduced the Loan-To-Deposit-Ratio policy. Nigeria's apex bank says banks total credit rose to 3.1 trillion naira on the performance of the…

5 years ago

by Abiodun Ogundairo

CBN raises banks’ Loan to Deposit Ratio to 65%

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…

6 years ago

Business·News

Banking sector gross credit up 5.3% to N16.39bn: An update of Nigeria’s markets

The Central Bank of Nigeria (CBN) says the banking sector gross credit increased by 5.3 to N16.3billion as at September 26th owing to the 60 per cent Loan-to-Deposit-Ratio target set by the…

6 years ago

Business·News

CBN sets December 31st deadline for 65% LDR target: A wrap of Nigeria’s FX markets

The Central Bank of Nigeria (CBN) has charged 12 banks over N400bn for failing to meet the loan-to-deposit-ratio (LDR) target set by Apex Bank. CBN had set September 30th as deadline for…

6 years ago

Business·News

CBN to add more items to FX restriction list – how will this move impact the FX market?

The Governor of the Central Bank of Nigeria says more items will be listed under the forex restriction list. This comes as President Muhammadu Buhari says he told the apex bank to…

6 years ago

Business·News

CBN to auction n34.4bn T-Bills

The Central Bank of Nigeria (CBN) will offer n34.4 bn naira worth of T-bills in today’s auction. To discuss expectations for the auction and an outlook on this week’s trading at Nigeria’s…

6 years ago

Business·News

Tracking market movements in Nigeria’s money market

The Central Bank of Nigeria (CBN) offered 150 billion naira in today’s OMO auction. To discuss this and other stories likely to impact Nigeria’s money market, Nnamdi Nwizu, Co-Managing Partner at Commercio…

6 years ago

Business·News

CBN’s Moses Kpughur Tule on how Nigeria can capitalise on the Africa free trade agreement

Moses Kpughur Tule, Director at the Central Bank of Nigeria (CBN) says Nigeria can change the narrative around some certain commodities to take advantage of the African Continental Free Trade Agreement (AfCFTA).…

6 years ago

Business·News

Improving payment services in Nigeria

The Central Bank of Nigeria has directed Deposit Money Banks to offer mobile money wallets without prior approval. Chidinma Lawanson, Financial Services Consultant at International Finance Corporation (IFC) joins CNBC Africa for…

6 years ago

Business·News

CBN limits daily standing deposit facility to 2bn naira

The Central Bank of Nigeria (CBN) capped the placement of the daily deposit through its Standing Deposit Facility, to 2 billion naira, effective from today. Nnamdi Nwizu, Co-Managing Partner at Comercio Partners…

6 years ago

Business·News

CBN wants uniformed agencies to patronise made in Nigeria

The Central Bank of Nigeria has advised Uniformed Agencies to patronise made in Nigeria goods to help boost local production.…

6 years ago

Business·News

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Central Bank of Nigeria - Page 3

How will COVID-19 impact Nigerian banks’ half-year earnings?

CBN raises banks’ Loan to Deposit Ratio to 65%

Banking sector gross credit up 5.3% to N16.39bn: An update of Nigeria’s markets

CBN sets December 31st deadline for 65% LDR target: A wrap of Nigeria’s FX markets

CBN to add more items to FX restriction list – how will this move impact the FX market?

CBN to auction n34.4bn T-Bills

Tracking market movements in Nigeria’s money market

CBN’s Moses Kpughur Tule on how Nigeria can capitalise on the Africa free trade agreement

Improving payment services in Nigeria

CBN limits daily standing deposit facility to 2bn naira

CBN wants uniformed agencies to patronise made in Nigeria

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