CBN opens discount window as interest rate hits 74%
The Central Bank of Nigeria (CBN), yesterday, opened its discount window in apparent bid to save the banking system from scarcity of funds which sent interbank interest rate to 74 percent at the close of business.
TSA: We’re not aware of REMITA’s charge — CBN, Accountant General
Senate investigation into the alleged N25 billion Treasury Single Account (TSA) has taken a different turn with the Central Bank of Nigeria (CBN) and the Office of the Accountant General of the Federation (OAGF) trading blames.
CBN dismisses allegation of banking distress
LAGOS — The Central Bank of Nigeria (CBN), yesterday, dismissed allegation that some banks are experiencing distress.
Investors’ sentiment wanes against new CBN policy
LAGOS — Financial markets recorded dramatic reversal of fortunes barely 24 hours after a bullish reaction to new monetary policy measures introduced by the Central Bank of Nigeria, CBN.
CBN withdraws bailout funds of govs playing politics with them
The Central Bank Of Nigeria has taken tough measures against state governors who are playing politics with the Bailout Fund, with a decision to withdraw their allocations.
CBN licenses SunTrust Bank Nigeria Ltd
LAGOS—Central Bank of Nigeria, CBN, has granted a regional banking license to Suntrust Bank Nigeria Limited. This development increases the number of commercial banks in the country to 23, and also represents the first fresh banking license issued by the CBN since 2001.
