All posts tagged "Central Bank of Nigeria"

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  CBN to cut policy rate to 11% next week – Rewane

  The Central Bank of Nigeria (CBN) will relax its monetary policy by reducing its policy rate to 11 per cent next week when its Monetary Policy Committee (MPC) meets, Bismarck Rewane, Financial Derivative Company has predicted. “Monetary...

  • Posted March 15, 2013
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  CBN extends deadline for recapitalisation of micro-finance banks

  The Central Bank of Nigeria (CBN) has extended the deadline for the recapitalisation of micro finance banks in Nigeria by one year. The new deadline for compliance is now December the 31st, 2013. The decision was reached...

  • Posted March 8, 2013
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  CBN to provide framework to drive corporate governance in banks

  The Central Bank of Nigeria (CBN) says it will provide the framework for good corporate governance to strive in the financial sector. The CBN Director, Corporate Communications Department Ugochukwu Okoroafor, made this known in an interview in Lagos...

  • Posted March 8, 2013
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  CBN heads for another row with NASS over use of foreign currencies for local transactions

  Central Bank of Nigeria (CBN) may be heading for another acrimonious session with the National Assembly and perhaps some civil society groups that would be interested in the issue of the apex bank enforcing the ban on...

  • Posted February 23, 2013
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  Banks, customers disagree on CBN’s bank account categorisation policy

  Bank customers have questioned the rationale behind the new policy of the Central Bank of Nigeria (CBN) on categorisation of bank accounts, saying it is counter-productive with respect to its cashless initiative. The CBN policy categorised bank...

  • Posted February 11, 2013
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  CBN, Oil Majors Meet Dollar Demand, Causes FX Rate Stability

  According to data from the CBN website, the apex bank supplied $200 Million at its bi-weekly auction yesterday. This was in fulfillment of the entire demand of $ 200 Million required by participants in the auction. This...

  • Posted December 1, 2011
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