Auto Added by WPeMatico
Financial Vanguard learnt that the apex bank would intervene on the side of customers by compelling banks to honour all legitimate withdrawal requests from domiciliary accounts and dispense foreign currencies as requested by account holders.
The post CBN probes banks’ restriction of customers’ access to forex accounts appeared first on Vanguard News.
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.
The post Experts divided over CBN’s 3% interest rate slash appeared first on Vanguard News.
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has reset the monetary policy rate (MPR) to 23 per cent.
The post Breaking: CBN cuts interest rate to 23% appeared first on Vanguard News.
The Governor of the CBN, Mr Olayemi Cardoso, signed on behalf of his bank, while the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, signed on behalf of his ministry.
The post CBN, finance ministry sign MoU to strengthen fiscal-monetary policy coordination appeared first on Vanguard News.
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 Microfinance Banks (MFBs).
The post CBN revokes 46 MFBs’ licences appeared first on Vanguard News.
The bank said such changes were “to make use of the experience of senior officials in different areas of responsibility and to support evolving institutional priorities.”
The post CBN redeploys four deputy governors appeared first on Vanguard News.
The Central Bank of Nigeria (CBN) is taking new steps to strengthen trust in Nigeria’s financial system as it moves to tighten oversight of virtual asset operators and digital financial platforms.
The post CBN leverages digital finance to expand access to financial services appeared first on Vanguard News.
The CBN confirmed that 33 banks had met the revised minimum capital requirements established under the programme.
The post CBN concludes recapitalisation as 33 banks raise N4.65trn appeared first on Vanguard News.
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.
The post CPPE hails CBN as 32 banks meet recapitalisation target appeared first on Vanguard News.