Lending: Banks race to beat CBN’s deadline
Banks are in a race to beat the September 30 deadline given by Central Bank of Nigeria (CBN) to implement the 60 per cent minimum Loan
Banks’ market capitalisation drops by N657bn
The market capitalisation of banks listed on the Nigerian Stock Exchange dropped by N657bn in the first seven months of the year as
CBN unveils guidelines on disclosure, transparency for banks, others
The Central Bank of Nigeria (CBN) has issued fresh guidelines to give effect to the disclosure and transparency principle contained in
No restrictions on banks from investing in treasury bills, says CBN
The Central Bank of Nigeria (CBN) yesterday dismissed reports that it had barred commercial banks from investing in treasury bills. It
OVN rises by 250bps as OMO depletes liquidity levels
The overnight lending rate increased by 250 basis points to 7 percent, as liquidity levels in the market declined following the PMA
CBN reduces banks daily deposits at standing deposit facility to N2bn
Effective from tomorrow (July 11), the Central Bank Bank of Nigeria says it will no longer remunerate daily bank deposit in excess of
NCAA insists demolition of Glo, banks’ masts to go ahead
The Nigerian Civil Aviation Authority, (NCAA) says its plan to pull down 8,805 masts belonging to Globacom and some commercial banks
Nigeria central bank reassures foreign investors on fears over MTN’s$8bn refund, says no firm under investigation
Godwin Emefiele, governor of Nigeria’s central bank has allayed foreign investors’ anxiety over the safety of their investments in the
Nigeria, among 40 African countries to benefit from EIB’s €200m jobs, climate action support
Nigeria, Africa’s largest economy by gross domestic product (GDP), is among 40 African countries that would benefit from a European
OECD projects slow global growth over trade tensions
Trade tensions and higher interest rates are slowing the global economy, but not likely to portend sharp downturn, the Organisation