Naira Loans: CBN Stops Foreign Currency As Collateral
BY EDMOND ODOK – The Central Bank of Nigeria (CBN) has directed all Deposit Money Banks (DMBs) to desist from using foreign currency-denominated collaterals for Naira loans in the country….
BY EDMOND ODOK – The Central Bank of Nigeria (CBN) has directed all Deposit Money Banks (DMBs) to desist from using foreign currency-denominated collaterals for Naira loans in the country….
Says security agencies probing FX infractions Insists no hiding place for Binance BY COBHAM NSA – In line with its resolve to continue tightening the monetary policy cycle as part…
BY COBHAM NSA – The Nigeria Deposit Insurance Corporation (NDIC) says prompt return of recoveries by the Economic and Financial Crimes Commission (EFCC) to its coffers will aid the process…
BY EDMOND ODOK – The Central Bank of Nigeria (CBN) says in keeping with the promise made by the Governor, Olayemi Cardoso, to process an inherited backlog of US$7 billion…
BY EDMOND ODOK – For failing the compliance test and abusing existing regulatory provisions in running their activities, the Central Bank of Nigeria (CBN) has revoked the licenses of 4,173…
BY EDMOND ODOK – Working round the clock to address current challenges in the foreign exchange market, the Central Bank of Nigeria (CBN) on Tuesday said foreign exchange worth $20,000…
Says CBN working to strengthen currency With the Naira maintaining its free fall against the United States dollar and other world currencies, Governor of the Central Bank of Nigeria (CBN),…
BY EDMOND ODOK – It is no cheering news for many travelers as the Central Bank of Nigeria (CBN) has stopped the payment of Basic Travel Allowance (BTA) and Personal…
BY EDMOND ODOK – The Central Bank of Nigeria (CBN) says contrary to recent reports in a national newspaper, there are no plans to convert $30 billion domiciliary deposits of…
BY EDMOND ODOK – The Nigerian Postal Service (NIPOST) and Nigeria’s fastest-growing non-interest banking services provider, TAJBank Limited, have embraced a new public-private partnership (PPP) initiative that will work for…