CBN, ACAEBIN team up to fight rising cybercrime in financial sub sector
As part of joint efforts to combat the spate of cybercrime and improve digital banking in the country, the Central Bank of Nigeria (CBN) and the Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) are working on a…
Amiwero faults CBN interest in fiscal policies, says forex restriction on 41 items killed ports
More reasons have emerged on why Nigerian ports are witnessing lowest ebb in business activities in terms of container throughput and business generation for Nigerians who hitherto make their living in and around the ports. Mr. Lucky Eyis Amiwero is…
Why CBN approved Roosevelt Ogbonna as Access Bank Deputy Managing Director
Following the resignation of former Deputy Managing Director of Access Bank Plc, Mr. Obinna Nwosu who left to pursue his personal endevours and the approval of Mr. Roosevelt Ogbonna as the new Group Deputy Managing Director by the board of…
Access Bank crosses risky limit as Capital Adequacy Ratio hits 21 per cent
With liquidity ratio at 43 per cent after the implementation of risk management framework, Access Bank Capital Adequacy Ratio (CAR) currently stands at 21 per cent. The CAR for banks in Nigeria stands at 10 percent and 15 percent for…
3 factors that compelled 3 commercial banks to fail latest CBN’s solvency test
Three banks, two among them highly rated (names with held) have failed stress test conducted by the Central Bank of Nigeria (CBN). Three major factors that collapsed the asset quality and strength of the banks include negative Gross Domestic Product…
CBN moves more steps forward, announces sale of dollars to MAN, fuel importers, airlines
In a strategic drive to offset backlog of matured foreign exchange obligations the Central Bank of Nigeria (CBN), has announced plans to begin the sales of dollars to fuel importers, airlines and manufacturers. New position of the apex bank is…
Naira over-valued by 10 to 20 percent, IMF mocks CBN, presidential economic team
In what can be easily interpreted as reactions to the rebuffing of its advice by the Central Bank of Nigeria (CBN), the International Monetary Fund (IMF) on Wednesday fired back, claiming that Nigeria’s naira is over-valued by around 10 to…
CBN set to inject additional $240 million forex to BDCs, others this week
The Central Bank of Nigeria (CBN) will from today, Tuesday, continue its ongoing foreign exchange market intervention. The bank is expected to disburse $240 million to commercial banks and operators of Bureau D Change (BDC). Details of the disbursement show…
CBN remains unstoppable in sustaining foreign exchange liquidity—Okoroafor
Contrary to the advice of the International Monetary Fund (IMF), the Central Bank of Nigeria (CBN) on Sunday reiterated its determination to sustain the provision of foreign exchange with a view to ensuring liquidity in the market and enhance accessibility…
CBN report indicates dropping propensity to save in banks as recession bites harder
Latest Depository Corporation Survey (DCS) for the month of February 2017 recently published by the Central Bank of Nigeria (CBN) has shown sharp drop in current accounts deposits, an indication that commercial banks are experiencing lull in volume of deposits…
