Central Bank of Nigeria
Diamond Bank posts 53% yearly growth amid dip in profit
Diamond Bank Plc on Monday released her 2016 Business Year (BY) performance scorecard on the floor of the Nigerian Stock Exchange (NSE), showcasing stable growth in key financial parameters.
Bank’s capital adequacy fall below minimum requirement
Flowing from a recent Central Bank of Nigeria (CBN) stress tests on banks operating in the country, seven deposit money banks are said to be operating below the statutory capital adequacy ratio (CAR), pegged as high as 15 per cent of a bank’s capital.
CBN releases $280m forex to SMEs, BDCs, others
The Central Bank of Nigeria yesterday continued its intervention in the foreign exchange segment of the financial market with the injection of fresh $220 million into the various sectors of the economy.
MoneyTrust MfB targets 50 per cent under-bank population
MoneyTrust MFB, a newly licensed multi-purpose Microfinance bank has pledged to promote the Central Bank of Nigeria (CBN) financial inclusion through the provision of banking services...
CBN extends banks’ foreign currency loan limit
The new regulation replaces a 2014 rule capping foreign borrowings, including Eurobonds at 75 per cent of shareholders’ funds as CBN tries to manage widespread capital shortfalls in banks, due to bad loans, especially.
N30tn Forex fraud: Senate vows to publish names of importers, banks
The Chairman, Senate Committee on Customs, Sen. Hope Uzodinma, made this known on the second day of meeting with representatives of all commercial banks, the Central Bank of Nigeria (CBN) and Ministry of Finance on Thursday.
Bureau de change operators seek N10/$ margin to check sharp practices
The Association of Bureau De Change Operators of Nigeria (ABCON) has asked for a N10 margin per dollar from the Central Bank of Nigeria (CBN). Granted, ABCON said, it could check operators’ tendency for round tripping.
Transporters condemn CBN’s new charges on cash deposit
Chairman of Peace Mass Transit Limited, Dr Samuel Maduka Onyishi, has said that the road transporters are choking under the Central Bank of Nigeria (CBN) new cashless policy regime that attracts percentage charges for cash deposits above...