N177bn inflow to moderate cost of funds in interbank
COST of funds is expected to moderate downward this week, in response to inflow of N177 billion from matured Treasury Bills (TBs).
IFC commends CBN over banking reforms
The International Finance Corporation, IFC, has commended the Central Bank of Nigeria, CBN, for implementing sustainable banking principles in the country.
CBN disburses lower currency notes to traders
Worried by the scarcity of lower currency denominations in circulation, the Central Bank of Nigeria (CBN, yesterday, commenced direct disbursement of the affected notes to traders.
CBN injects $210m as Naira appreciates to N360.19/$
The Naira started the week with a 51 kobo appreciation to N360.19 per dollar in the Investors’ and Exporters’ (I&E) window, even as the Central Bank of Nigeria (CBN) injected $210 million into the foreign exchange market.
Insecurity: Ex-CBN chief advocates comprehensive police reform
A former Deputy-Governor of the Central Bank of Nigeria (CBN), Mr Kingsley Moghalu on Monday called for a comprehensive reform of the Nigeria police to address various security threats in the country.
New dividend policy geared towards banks, shareholders’ protection – Ola Yussuf
Last week, investors in the stock market went into frenzy after the Central Bank of Nigeria, CBN, directed banks with huge non-performing loans (NPL) and Capital Adequacy Ratio( CAR) below the required standard, not to pay dividend. In this interview, Alhaji Rasheed Ola Yussuf, Managing Director, Trust Yield Securities Limited, threw more light on the new dividend policy, saying that it is meant to protect stakeholders in those banks.
