Browsing: CBN

NDIC Seeks Collaboration with CBN in Banks Licensing. The Nigeria Deposit Insurance Corporation (NDIC) has emphasized the need for the corporation to be involved in the process of licensing banks in collaboration with the Central Bank of Nigeria (CBN).

Banks Debtors in Trouble as CBN Activates Inter-bank Debits. Guidelines will improve repayments, reduce NPL ratios, serve as credit profiling tool and improve private sector credit

Maize: CBN tells Authorised Dealers to Stop Processing Form M

Foreign Exchange Inflows into IEW Drops Strongly in Q2. Foreign exchange accretion into the Importers and Exporters Window went southward in the second quarter of 2020.

CBN Moves to Converge FX Rates to Raise Average Price Level. The Central Bank of Nigeria moves to achieve convergence in the foreign exchange market will raise headline inflation, FSDH has said.

Expected credit loss amid aftermath of the coronavirus outbreak. At transition date in 2018, Deloitte Nigeria in one of its reports faulted application of the International Financial Reporting Standard 9 by the Nigerian Banks.

Deregulation: It is unrealistic to continue subsidy – FG The Federal Government of Nigeria has said that it is unrealistic to continue with Petroleum Motor Spirit subsidy. Chief…

‘Economic, Regulatory Pressures to Suppress Banks Q2 Earnings by 8%’. Amidst concern for economic recession which has generally clouded earnings outlook for 2020, analysts have estimated 8% cuts in banks second quarter earnings.

CBN’s Lending to Deposit Money Banks Hits 2020 High. Reflecting the Central Bank of Nigeria’s hawkish liquidity bias, Standing Lending Facility (SLF) position of deposit money banks (DMBs) hits 2020 high today at ₦350 billion.

‘Concerns around FX adjustment to Dampen Foreign Inflow’. United Capital Plc has said that concerns around further foreign exchange adjustment are likely to discourage large-sized foreign investment, both portfolio and direct inflows for the rest of 2020.