Chukwu, Omordion differ on naira devaluation by CBN
Two leading finance market experts in Nigeria have taken divergent positions on the recent devaluation of naira which the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele had insisted to be an adjustment and not devaluation. Recall…
Banks’ deposit with CBN receding due to new Loan-to-Deposit Ratio of 65%
Since the Central Bank of Nigeria (CBN) increased the Loan-to-Deposit Ratio (LDR) from initial 60% to 65%, there had been a serious drop in banks’ deposit with the apex bank through the Standing Deposit Facility by 68 per cent in…
CBN mute as experts join IMF to harp on containing rising banking sector risks
For more than one week after the International Monetary Fund (IMF) advised the Central Bank of Nigeria (CBN) “to contain rising banking sector risks,” the apex bank is yet to response. However, even as the CBN is yet to react,…
