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CENTRAL BANK OF NIGERIA

News and analysis about Central Bank of Nigeria

Sterling Bank Plc has announced the appointment of Temitayo Adegoke as its Company Secretary and Chief Legal Counsel.
The number of idle power plants across the country as at Monday, September 9, 2019, rose to ten, as power generation in the country fell below 3,000 megawatts.
Conversations are ongoing between the FMDQ and the Central Bank OF Nigeria (CBN) about extending the FX futures curve to 10 years.
The Federal Government (FG) of Nigeria has announced that it would commence deducting the N614 billion budget support facility from state governments this month. 
As the September 30th deadline set by the Central Bank of Nigeria (CBN) for banks to maintain a 60% minimum loan-to-deposit ratio approaches, reports show thirteen (13) banks in Nigeria disbursed loans to customers to the tune of N15.9 trillion between January and June 2019.  
As part of its continued intervention in the foreign exchange market, the Central Bank of Nigeria (CBN) injected a cumulative sum of $2.63 billion to further sustain relative stability in the foreign exchange (FX) market.
In 2012, the Central Bank of Nigeria (CBN) introduced the cashless policy with the aim of promoting the use of electronic payment channels instead of cash.
Microsoft and Pricewaterhouse Coopers, PwC have charged the Central Bank of Nigeria, (CBN) and other regulators to develop policies and regulations.
Platinum eyes N10bn share capital in one year
Since the Central Bank of Nigeria (CBN) approved that telecommunication companies should operate of mobile money, there have been talks about the future of banks and how the network providers can affect the growth of lenders.
Your mutilated naira notes may become useless after September 2nd
Chief Executive Officer of Guaranty Trust Bank Plc, Segun Agbaje, granted an interview to Arise TV earlier today during which he shared his thoughts on the various moves by the Central Bank of Nigeria (CBN) towards ensuring that banks lend more to the real sector of the economy.