DMBs

Borrowings by the Deposit Money Banks (DMBs) from the Central Bank of Nigeria (CBN), known as the Standing Lending Facility (SLF) have declined by 98.4 percent to N57.14 billion in October 2023. It was N3.56 trillion in the preceding month.…

Following the criticisms that have trailed the recent pronouncement on cryptocurrencies, the Senate Committees on Banking, Insurance and Other Financial Institutions; ICT and Cybercrime; and Capital Market has invited the Central Bank of…

The Central Bank of Nigeria (CBN) is targeting about $2 billion monthly from diaspora remittances coming after the introduction of the new diaspora forex remittances policy. CBN Governor, Godwin Emefiele, disclosed this at a…

OMOTAYO ARAOYE Following the ease of lockdown measures against Covid-19 in Lagos, Ogun, and the Federal Capital Territory (FCT), the Central Bank of Nigeria (CBN), Tuesday, lifted the suspension on cheque clearing by the…

AMINA HUSSAINI, Abuja In response to the Coronavirus pandemic that has left the global economy spiraling, Nigerian Central Bank, (CBN) Monday announced a six-points stimulus that will see a cut in interest rates from 9 to 5…

AMINA HUSSAINI, Abuja The Central Bank of Nigeria, CBN says it has not prohibited the acceptance of foreign currency deposits into accounts at Deposit Money Banks (DMBs). The CBN Director, Corporate Communications, Issac Okorafor made…

UMORU ABDULKADIR Stanbic IBTC Holdings Plc has announced a 5.15 per cent increase in its gross earnings for the year ended, December 31, 2019, rising to N233.808 billion from N222.360 billion of 2018. It also reported a marginal 0.80…

UMORU ABDULKADIR Poised to sustain the gains recorded from the increase in Loan-to-deposit ratio (LDR) to Deposit Money Banks (DMBs) in the country, the Central Bank of Nigeria (CBN) Wednesday announced the retention of the minimum 65…

At N2.158tn, currency-in-circulation, on a month-on-month basis, rose by 0.3 per cent at end-April 2019, the Central Bank of Nigeria has said. The apex bank said this in its first-quarter report on currency-in-circulation and deposits.…

BARBARA BAKO, Abuja. The Central Bank of Nigeria has released fresh guidelines in which it pegs credit to real and agricultural sectors at 9 percent in a move to increase inflow to the economy and preserve the nation’s recovery. Under…