Total Ways and Means balances as of May 2023 when the Tinubu administration took over N26.95 trillion.
Browsing: CBN
The Naira on Wednesday further depreciated at the official market, trading at N1,308.52 to the dollar. Data from the official…
The Central Bank of Nigeria has approved the sale of an additional 10,000 each dollars to 1,583 eligible Bureaux De Change (BDCs) in the country to meet market demands.
The Naira on Monday slightly depreciated at the official market, trading at N1,234.49 to the dollar. Data from the official…
The Central Bank of Nigeria (CBN) has reduced the Loan-to-Deposit Ratio (LDR) of deposit money banks from 65 percent to…
The Central Bank of Nigeria (CBN) has again sacked an additional 40 staff, who are mostly from the apex bank’s…
The Independent Media and Policy Initiative (IMPI), a pressure group, has said the policy thrust of the President Bola Tinubu…
Godwin Emefiele has specifically asked the court to grant him bail on self-recognizance pending the hearing and determination of his case or in the alternative that he be released to his counsel pending the determination of the case.
The CBN said it is set to sell $10,000 to each of the BDC operators at N1101/$ and directed the operators to sell at a spread not more than 1.5 percent above the CBN rate.
The Acting Director of Corporate Communications Department, Mrs. Hakama Sidi Ali confirmed the capitalization in Abuja, saying the new minimum capital base for commercial banks with national authorization is now N200 billion, while the new requirement for those with regional authorization is N50 billion.