Experts divided over CBN’s 3% interest rate slash
Mixed reactions yesterday trailed the Central Bank of Nigeria, CBN’s cut on interest rate by three per cent, as the Monetary Policy Rate, MPR, was reduced from 26.5 per cent to 23 per cent.
CBN renovates classrooms, boosts education in Taraba
The Jalingo branch of the Central Bank of Nigeria (CBN) has renovated two blocks of classrooms and an administrative office at Howai Government Secondary School in Jalingo, Taraba State, as part of its ongoing education intervention projects.
CBN, financial system and regulatory balance
By ARIZE NWOBU The financial system is one of the major ‘engines’ which drives the economy towards achieving its growth potential. It is broadly segmented into the capital market and money market which consists of financial institutions, financial markets and products, operators and regulatory agencies. The capital market segment of the financial system mobilises long-term funds […]
CPPE hails CBN as 32 banks meet recapitalisation target
The Centre for the Promotion of Private Enterprise (CPPE) has commended the Central Bank of Nigeria (CBN) over the successful implementation of its bank recapitalisation programme, revealing that 32 banks have met the new minimum capital requirements.
CBN assembles SANs, appeals court ruling on Union Bank takeover
The Central Bank of Nigeria, CBN, has constituted a high-powered legal team of Senior Advocates of Nigeria, SANs, to challenge the judgment of the Federal High Court in Lagos which nullified its takeover of Union Bank of Nigeria Plc and ordered the reinstatement of the bank’s former board.
CBN reaffirms commitment to strengthening Nigeria’s economy
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to implementing bold reforms aimed at strengthening Nigeria’s economy, enhancing resilience to external shocks, and restoring investor confidence.
