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CBN To Stop Dud Cheque Issuers From Operating Current Account

THE Central Bank of Nigeria (CBN) is in the process of stopping issuers of dud cheques (returned cheques) from opening current account, the Deputy Director,...

Forex: CBN Directs Banks To Review Provision For Foreign Loans

THE Central Bank of Nigeria (CBN), on Wednesday, directed banks to review the money set aside for non performing foreign currency loans based on the...

CBN Sacks Skye Bank Management

THE Central Bank of Nigeria (CBN) has taken over the Board and management of Skye Bank Plc after the lender failed to meet the regulator’s...

Liquidity Pressure: Banks Borrow N930bn From CBN

LIQUIDITY pressure heightened in the banking industry, last week, forcing banks’ borrowings from Central Bank of Nigeria’s Standing Lending Facility, SLF, to rise 230.61 per...