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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
Nigeria’s foreign reserves depleted by $1 billion in August 2019, this is reflected in data published on the Central Bank of Nigeria (@cenbank) website. According to the CBN, the foreign grossly depleted and currently stands at $44 billion
The financial institutions in Nigeria have been informed to reduce their exposure to risk as regards lending to the public. The Central Bank of Nigeria (CBN) gave this directive in a guideline issued to all Nigerian banks.
Nigeria's Central Bank Governor Godwin Emefiele is projecting that inflation rate in Nigeria will continue to drop due to the policies of the Central Bank of Nigeria.
A report by Moody has argued that commercial banks might soon lose their services to the increasing number of FinTech firms in the sector.
On this episode of the #ERPodcast, @iamnotjustakuki and @Sammyinfinity examine @MBuhari's directive to the @cenbank to restrict forex on food importation and @GokadaNG's decision to temporarily shut down for two weeks to improve the service of the business.
The Nigerian National Petroleum Corporation (NNPC) and the China National Offshore Oil Corporation (CNOOC) are set to expand the $16 billion trade investment in Nigeria.
Africa’s richest man, Alhaji Aliko Dangote has called for the need to adopt proper mortgage financing and consumer credit in Nigeria.
The Central Bank of Nigeria (CBN) has directed commercial banks to provide Key Fact Statement (KFS), giving a summary of key information on loans to consumers.
As the deadline set by the Central Bank of Nigeria (CBN) for the commencement of the new directive on Loan to Deposit Ratio (LDR) is fast approaching, Fidelity Bank Plc has disclosed that its LDR is presently at 80%.
Access Bank, Union Bank leverage low yield bond rates
The Central Bank of Nigeria has issued that all financial institutions under its body should ensure that they evaluate a customer's credit history before issuing a loan.
@cenbank will be offering N223.2 billion T-bills in the first August 2019 #PMA.