Nigeria, April 18 -- The Central Bank of Nigeria (CBN) on Wednesday announced a reduction in the Loan-to-Deposit Ratio (LDR) of banks in the country to 50 per cent. The LDR is used to assess a bank's... Read More
Nigeria, April 18 -- The Central Bank of Nigeria on Wednesday said the shift in Nigeria's foreign reserves has nothing to do with the apex bank's defence of the local currency. The CBN Governor, Olay... Read More
Nigeria, April 17 -- In a bid to revolutionise trade facilitation and boost economic growth, the federal government on Tuesday unveiled the National Single Window Project. Under this new structure, t... Read More
Nigeria, April 16 -- The International Monetary Fund (IMF) has projected a continuation of global economic growth and a decline in inflation rates for the years 2024 and 2025. This projection comes o... Read More
Nigeria, April 8 -- The Central Bank of Nigeria (CBN) on Monday issued a directive to all banks prohibiting the use of foreign currency as collateral for Naira loans. This move comes amid efforts to ... Read More
Nigeria, April 8 -- The Central Bank of Nigeria on Monday disclosed that it sold $10,000 to each Bureau De Change operator at a rate of N1,101 per US dollar. The bank disclosed this in a circular add... Read More
Nigeria, April 8 -- The Central Bank of Nigeria on Monday disclosed that it sold $10,000 to each Bureau De Change operator at a rate of N1,101 per US dollar. The bank disclosed this in a circular add... Read More
Nigeria, April 5 -- The Special Investigator appointed by President Bola Tinubu to probe the activities of the Central Bank of Nigeria under the Muhammadu Buhari administration has completed his assig... Read More
Nigeria, April 5 -- The Special Investigator appointed by President Bola Tinubu to probe the activities of the Central Bank of Nigeria under the Muhammadu Buhari administration has completed his assig... Read More
Nigeria, April 2 -- The Association of Corporate and Marketing Communication Professionals of Banks (ACAMB) has expressed confidence in the capacity of Nigerian banks to meet the demands of the recent... Read More