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CBN

Banking and Finance

Banks seek N900 billion more as CBN recapitalisation deadline nears

AS the deadline for the Central Bank of Nigeria (CBN) mandatory recapitalisation draws near, banks are expected to raise...
Ehime ALEX -
Business and Economy

Again, CBN holds interest rates at 27.5% despite drops in inflation

THE Central Bank of Nigeria (CBN) has for the third consecutive time kept the benchmark interest rate unchanged at...
Ehime ALEX -
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Business and Economy

Despite declining inflation, business perception remains high – CBN

THE Central Bank of Nigeria (CBN) said business perception of inflation remained high despite the consecutive drop in inflationary...
Ehime ALEX -
Banking and Finance

First Bank confirms Oba Otudeko’s N195.74 billion shares sale

THE parent company of First Bank of Nigeria Limited has confirmed its former chairman, Oba Otudeko's sale of N195.74...
Ehime ALEX -
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Business and Economy

Why CBN should cut interest rate by 25 basis points – Bismarck Rewane

THE Central Bank of Nigeria (CBN) should cut the benchmark interest rate at its next committee meeting following the...
Ehime ALEX -
Banking and Finance

Loan exposure: CBN directs banks to submit recovery plan

THE Central Bank of Nigeria (CBN) has directed banks with unresolved 'forbearance exposures' to submit a Capital Restoration Plan...
Ehime ALEX -
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