Cryptocurrencies breed illegal activities, raise risks – CBN
The Central Bank of Nigeria has said cryptocurrencies promote illegal activities and raise risks, among other reasons. It said this on Sunday in a statement
Tag : CBN
High recurrent expenditure raises debt servicing challenges, says CBN
Retains lending rate at 11.5% The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday retained the Monetary Policy Rate at 11.5 per
Revised Cheque book becomes fully operational April 1, CBN says
The CBN has advised all Deposit Money Banks (DMBs) accredited Cheque Printers/Personalisers, and the Nigeria Interbank Settlement System (NIBSS), to enlighten their customers on the
Fiscal deficit climbed to N451.22bn in October – CBN
The Federal Government recorded a fiscal deficit of N451.22bn in October 2020. The Central Bank of Nigeria disclosed this in its monthly economic report for
874 microfinance banks have operational licences – CBN
The Central Bank of Nigeria has said 874 microfinance banks have licences to operate in the country. It listed the names of the MfBs in
2021: Funding, forex top stakeholders’ expectations of banks, CBN
Access to finance, availability of foreign exchange (forex) and Public-Private Partnership (PPP) seem to be the priorities of stakeholders as the country opens for business
Banks should obtain borrowers’ records from credit bureaus – CBN
The Central Bank of Nigeria has instructed lending institutions to obtain reports of borrowers from credit bureaus as part of their due diligence in granting
Microfinance Banks: Another Round Of Cleansing By CBN, NDIC
After a similar exercise in September 2010 and 2018 where the Central Bank of Nigeria (CBN) revoked the licenses of microfinance banks (MFBs) in the
Banks maintained financial stability in Q3, says CBN
The banks maintained financial stability in the third quarter of 2020, the Central Bank of Nigeria disclosed in its third quarter economic report. Part of
How to deepen financial inclusion, by CBN, 9mobile, others
The Central Bank of Nigeria (CBN), 9mobile, Ecobank and Sanef, have offered a road map towards deepening financial inclusion in the country. They unveiled the
