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CBN
The Central Bank of Nigeria (@cenbank) is reportedly set to increase banks’ Loan to Deposit Ratio (LDR) to 70%, from the current 65% recently implemented by the bank.
Companies also expect the Naira to appreciate in the current month, next month and next twelve months.
NPL ratio for the Nigerian banking sector was down 2.6ppts q/q to 6.7% in Q3 2019 from 9.3% in Q2 2019.
The Central Bank of Nigeria’s drive to solve liquidity challenges in Nigeria’s financial sectors is already paying off as banks recovered N738.15 billion
Federal Government has reviewed the N50 stamp duty charge on electronic payments in the country following public outcry.
No surprise as MPC retains policy rates, balancing effects between rising inflation and tepid growth
The Monetary Policy Committee (MPC) of the CBN maintained status quo on all policy rates at the meeting which ended the 26th November 2019.
The Monetary Policy Committee of the CBN has kept the MPR constant at 13.50%. Also, other parameters such as Credit Reserve Ration, Liquidity ratio, and asymmetric corridor were equally held constant.
AMCON might cease to be operational as CBN, NDIC and Ernst & Young call for the institution to be scrapped.
In order to accomplish industrialization through SMEs, the Lagos State Government has sought the partnership of CBN.
Following the OMO ban, Investors scrambled after treasury bills but the CBN rejected over N430 billion in bids
The CBN has disclosed plans to diversify the economy by supporting increase of production of various goods and services in the country.
The Central Bank of Nigeria’s manufacturing purchasing managing index has witnessed an increase from 58.0 as at September to 58.2...