Recapitalization: Banks expected to approach stock market for additional funds – Senator
Banks are expected to approach stock market for additional fund with the introduction of new minimum capital requirements, according to ...
Tag: CBN
Customs rate for import duties collection should be charged in Naira – NACCIMA President
The President of the Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Mr. Dele Oye has stated ...
Lawyers, Accountants, Stockbrokers, Investment Banks, and Regulators to benefit from CBN’s new capital raise
Some financial experts have expressed excitement that the Central Bank of Nigeria (CBN) capital base increment for commercial banks will ...
CBN drops exchange rate for customs duties collection to lowest in eight weeks
The Central Bank of Nigeria (CBN) has slashed the exchange rate for customs import duties collection to the lowest in ...
Money trouble: Rethinking the Naira redesign
It started with a lie of omission. When the House of Reps committee on banking were finally able to get ...
CBN, law enforcement agencies to monitor banks in Nigeria for illicit financing of recapitalization
The Central Bank of Nigeria (CBN), alongside law enforcement agencies, will closely monitor the Nigerian banking sector's recapitalization efforts to ...
Bankers oppose exclusion of retained earnings in CBN recapitalization terms
Bankers are voicing opposition to the Central Bank’s decision to omit retained earnings from the minimum share capital calculation in ...
CBN increases capital base for mega banks to N500 billion, smaller banks N200 billion
The CBN also stated that all banks are required to meet the minimum capital requirement within 24 months commencing from ...
Nigerians fail to repay over 62% of CBN and NIRSAL COVID-19 loans
A considerable number of Nigerians have struggled to repay loans issued under the Central Bank of Nigeria (CBN) and NIRSAL ...
FG directs banks to deduct 0.375% stamp duty charges on all loans
The government is expanding the net on transactions covered by the stamp duty charges from regular bank transfers to foreign ...
