•CBN Governor Yemi Cardoso No fewer than 17 out of the existing 24 Deposit Money Banks may be unable to meet the Central Bank of Nigeria’s capital requirement if it is increased from its current N25bn, according to a report by Ernst and Young. The new report, titled “Navigating the Horizon: Charting the Course for […]
•CBN Governor Cardoso The Central Bank of Nigeria (CBN) has strengthened its pre-emptive surveillance of banks to unearth infractions and ensure compliance with extant rules and guidelines. The banks have been under intense criticism in recent periods for alleged complicity in economic crimes, reports The Nation. The Economic and Financial Cri...
•Obaseki Edo State governor, Mr Godwin Obaseki, has criticised the policies recently introduced by the Central Bank of Nigeria (CBN), saying they cannot support the economic growth of the country. The governor said the interest rates that are raised would hinder small business owners from getting loans to expand their businesses which are detr...
•Tinubu and Cardoso A rights group, Nigerian Unemployed Youth Vanguard, has asked President Bola Tinubu to immediately restructure the leadership of the Central Bank of Nigeria (CBN) while describing as unbearable, the harsh economic condition being inflicted on Nigerians by some policies of the apex bank. Addressing journalists in Abuja today...
•CBN Governor Yemi Cardoso The Central Bank of Nigeria (CBN) has issued a warning message to Nigeria and other West African nations regarding trends in borrowing practices. Traditionally, nations often relied on loans from the Paris Club, a group of creditor countries, reports The Nation. However, the CBN has observed a significant shift towar...
Three officials – two from Central Bank of Nigeria (CBN) and one from the Office of the Accountant-General of the Federation (OAGF) – have been quizzed over $3.4billion loan granted to Nigeria by the International Monetary Fund (IMF), which is allegedly. They were interrogated last week by the Independent Corrupt Practices and Other Related Of...
•CBN Governor Cardoso The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change Operators, accusing the affected institutions of failing to observe regulatory provisions. This was disclosed in a statement yesterday by the bank’s Acting Director, Corporate Communications, Sidi Ali Hakama. According to the apex bank, ...
The House of Representatives has mandated its committees on Power, Banking Regulations, Rural Electrification Agency, Housing and Habitat, to investigate the disbursement and use of funds under the National Mass Metering Program (NMMP) by the Central Bank of Nigeria (CBN) to the Licensed Electricity Distribution Companies (DISCOs). This follow...
•Urum Kalu-Eke One of the five nominees by President Bola Tinubu for appointment as members of the Board of Directors of the Central Bank of Nigeria (CBN), Urum Kalu-Eke, has declined the appointment. This is even as the Senate confirmed four other nominees for appointment as members of the Board of Directors of the CBN, […]
•CBN Governor, Olayemi Cardoso The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has vowed to pursue an aggressive regulatory environment to reduce infractions in the country’s banking system. He said this yesterday in Abuja at the Monetary Policy Committee meeting of the apex bank, the first since he assumed office in September 20...