CBN reduces bank’s LDR to 50% to improve real sector lending
April 18, 2024 The Central Bank of Nigeria (CBN) has reduced the Loan-to-Deposit Ratio (LDR) of deposit money banks from 65 per cent to 50 per cent. This is according…
Economic challenges, CBN and reconstruction policies, By Arize Nwobu
Economic reconstruction is defined as ‘’ a process for creating a proactive vision of economic change.’’ The need for economic reconstruction arises from the existing fundamental problems of the economy,…
We run a modern CBN driven by digital technologies – Cardoso
The Central Bank of Nigeria says it is committed to harnessing the power of digital technologies to enhance financial inclusion. Mr Yemi Cardoso, CBN Governor, said this on Tuesday in…
How I collected $3m cash for Emefiele – CBN employee
April 12, 2024 A Central Bank of Nigeria (CBN) employee, Mr Monday Osazuwa, on Friday told an Ikeja Special Offences Court how the former apex bank governor, Godwin Emefiele, on…
Alleged abuse of power: Court admits Emefiele to N50m bail
April 12, 2024 An Ikeja Special Offences Court on Friday admitted the suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, to bail in the sum of N50 million. Emefiele…
Customers using foreign currency for Naira-denominated loans risk sanctions – CBN
The Central Bank of Nigeria (CBN) has warned bank customers to desist from using foreign currency as collateral for Naira loans. Acting Director, Banking Supervision Department of the CBN, Adetona…
Tinubu’s policy thrust will birth $1trn economy for Nigeria, says group
The Independent Media and Policy Initiative (IMPI), a pressure group, has said the policy thrust of the President Bola Tinubu administration will propel Nigeria to attain the status of $1trillion…
National ID: NIMC appoints SecureID manufacturer, introduces social features
The National Identity Management Commission (NIMC) has appointed SecureID, a Lagos-based company as first manufacturer of National Domestic Card Scheme, AfriGo Card, an innovative identity solution with payment functionality for…
CBN: Special investigators submit report to Tinubu; indict Emefiele, others
Mr. Jim Obazee, the Special Investigator of the Central Bank of Nigeria (CBN) and other related entities, Â appointed on July 28, 2023 has concluded his job with heavy indictment of…
CBN’s aggressive fight against inflation, by Arize Nwobu
The Central Bank of Nigeria (CBN) has launched an aggressive fight against inflation in a similar manner the US Fed did under Paul Volcker (1979-1987) and won. It is also…