CBN recovers over N82m for commercial banks customers in Katsina
The Katsina state branch of the Central Bank of Nigeria (CBN), says it facilitated the refund of N82.04 million to customers of commercial banks in the state in 2019, arising from 57 complaints received by the apex bank. Alhaji Dahiru Usman, Controller in charge of CBN Katsina branch, disclosed this to the News Agency of […]
Manufacturing PMI drops to 59.2 index points in January — CBN
THE Central Bank of Nigeria, CBN, said that the Manufacturing Purchasing Managers Index, PMI, dropped marginally to 59.2 index points in January though activities in sector expanded for the 34th consecutive months. The January Manufacturing PMI represents 1.6 index points decline when compared to the 60.2 index points recorded in December 2019.
Senate Committee screens Obiora for CBN Deputy Gov post
Emma Ujah, Abuja Bureau Chief The Senate Committee on Banking, Insurance and Other Financial Institutions, yesterday screened Dr. Kingsley Obiora for the position of Deputy Governor of the Central Bank of Nigeria, CBN, urging him to bring his wealth of experience to bear in the task of assisting the Bank achieve its mandate of ensuring […]
Buhari writes Senate, seeks confirmation of Obiora as CBN Deputy Gov, Akande as NCC Chairman
The Senate has received a request from President Muhammadu Buhari for the confirmation of Dr. Kingsley Isitua Obiora and Professor Adeola Akande as Deputy Governor of the Central Bank of Nigeria; and Chairman of the Nigerian Communications Commission (NCC).
Buhari seeks Senate confirmation of Obiorah, Akande’s appointments in CBN and NCC
Henry Umoru – Abuja PRESIDENT Muhammadu Buhari has written the Senate for the screening and subsequent confirmation of Dr. Kingsley Isitua Obiora as Deputy Governor of the Central Bank of Nigeria (CBN). President Buhari also asked the senators to confirm the appointment of Prof. Adeola Akande as Chairman of the Nigerian Communications Commission (NCC). Both […]
CRR Hike: CBN curtails banks’ lending power by N1.2trn
Following its decision to raise the Cash Reserve Ratio (CRR) to 27.5 percent from 22.5 percent, the Central Bank of Nigeria (CBN) has reduced the lending ability of banks by N1.2 trillion
CBN’s CRR DECISION: Different views greet declaration on banks’ cash reserves
The decision of the Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) to raise the cash reserve ratio by 500 basis points to 27.5 per cent, from 22.5 per cent, while leaving all other policy parameters constant last Friday, has continued to generate different reactions from economists and financial sector analysts.
Banking sector gross credit grows by N2trn in 7 months — Emefiele
The Central Bank of Nigeria (CBN) says the Banking Sector Gross Credit has grown by two trillion nairas in seven months.
Banking sector gross credit increased by N2.7tr – CBN
The Governor of the Central Bank of Nigeria, Godwin Emefiele, said on Friday the banking sector gross credit has grown by N2.7trillion in seven months. Emefiele disclosed this while briefing journalists on the outcome of the Monetary Policy Committee (MPC) meeting held in Abuja. He said the gross credit in the industry grew by N2trillion […]
CBN raises Cash Reserve Ratio to 27.5%
Emma Ujah – Abuja The Central Bank of Nigeria has raised the Cash Reserve Ratio from 22.5 per cent to 27.5 per cent. Briefing the press after the first Monetary Policy Committee (MPC) meeting in 2020 held in Abuja, the CBN Governor, Mr Godwin Emefiele, said that all other parameters were retained. Accordingly, the Monetary […]
CBN redeploys Yila from NIRSAL MFB to DFD
Emma Ujah – Abuja The Central Bank of Nigeria (CBN) has redeployed Mr Yusuf Philip Yila, the Managing Director, NIRSAL Microfinance Bank (NMFB), as Director, Development Finance Department. The redeployment of Mr Yila who was the Director of CBN before his appointment as MD, NIRSAL Microfinance Bank takes effect from today. Yila succeeds Dr. Mudashiru […]
