30 results
- 8 Jan 2024
CBN Debts Banks’ N576.20Bn via CRR
Central Bank of Nigeria (CBN) last week debited some commercial banks to the tune of N576.20 billion through the Cash Reserve Requirement (CRR). CRR is the minimum amount banks and merchant banks are…
- 5 Jun 2020
CBN Debits 26 Banks N459.7Bn for CRR Default
Central Bank of Nigeria (CBN) has penalised 26 banks for failing to meet the Cash Reserve Ratio Target (CRR). The debit made by the apex bank amounted to NN459.7 billion. The deductions were made by…
- 22 Dec 2020
CBN Debits Banks N349.72Bn for Failing to Meet CRR
Central Bank of Nigeria (CBN) debited about 23 Deposit Money Banks (DMBs) in the country N349.72 billion towards the end of last week, for failing to meet Cash Reserve Ratio (CRR) targets. According…
- 27 Aug 2021
Agusto & Co: Elevated CRR Level Moderated Banking Industry’s Performance in FY 2020
The Nigerian banking industry would have recorded a return on average equity (ROE) of 31.6 per cent if not for the aggressive implementation of the cash reserve requirement (CRR) policy in 2020,…
- 25 May 2021
CBN Debits Banks N120.2Bn over CRR Failures
Central Bank of Nigeria (CBN) has debited commercial and merchant banks in the country a total of N120.2 billion for failing to live up to the cash reserve requirement (CRR) obligations, according to…
- 17 May 2026
Chapel Hill Denham Says Banks Lose N2.5 Trillion Annually to High CRR in New Report
Nigeria’s banking sector is losing an estimated N2.5 trillion in annual earnings due to the Central Bank of Nigeria’s high Cash Reserve Ratio (CRR) policy, according to a new report by Chapel Hill…
- 2 Feb 2024
CBN Halts Daily CRR Debits on Banks
Central Bank of Nigeria (CBN) on Friday announced the discontinuing of daily Cash Reserve Requirements (CRR) debits and introducing a revised mechanism. This was announced in a circular to all banks,…
- 11 Jan 2021
CBN Slams Fresh N600Bn CRR Debit on Banks
Central Bank of Nigeria (CBN) has imposed on banks another N600 billion Cash Reserve Ratio (CRR) debit in a bid to combat idle cash in the interbank money market. This comes as excess liquidity in…
- 25 Aug 2020
CBN Debits Banks N2.476tr in 3 Months to Strengthen Naira
Central Bank of Nigeria (CBN) debited N2.476trillion from the commercial banks between last April and July, as Cash Reserve Requirement (CRR) and as part of measures to strengthen the Naira . This…
- 24 Jan 2020
CBN hikes Cash Reserves Ratio to 27.5 percent
The Central Bank of Nigeria, CBN, has increased the Cash Reserves Ratio, CRR, of banks from 22.5 per cent to 27.5 per cent. The alteration was done by the Monetary Policy Committee of the CBN. The…
- 5 Jul 2020
CBN Debits Banks N1.977.7trn to Tightens Liquidity
Central Bank of Nigeria (CBN) has debited close to N2 trillion from several banks in the last quarter in line with its Cash Reserve Ratio (CRR) compliance requirement, and this has left many banks…
- 23 Mar 2016
CBN Raises Interest Rate Benchmark to 12%
Central Bank of Nigeria (CBN) unexpectedly raised the benchmark interest rate from 11 to 12 percent on Tuesday. The bank also raised the cash reserve ratio (CRR) for commercial banks to 22.5 percent…
- 5 Feb 2024
CBN Issues 50 Percent Cash Reserve Requirement Levy on banks
Central Bank of Nigeria (CBN), has issued a 50-cent Cash Reserve Requirement levy on the lending shortfall that will be enforced for banks that do not meet the minimum Loan to Deposit Ratio, LDR. The…
- 27 Dec 2021
Stanbic IBTC Bank Pledges to Improve Lending to Real Sector
Stanbic IBTC Bank Plc is set to improve on its lending to real sector of the economy, hence, grew its Loan to Deposit Ratio (LDR) by 69 per cent. With the regulatory measures to improve lending to…
- 23 Aug 2018
CBN Unveils New Guidelines for Credit to Manufacturing, Agric
The Central Bank of Nigeria (CBN) plans to increase the flow of credit to the real sector of the economy to consolidate and sustain the nation’s economic recovery. To this end, the apex bank on…
- 24 Jul 2018
CBN Mulls New Credit Mechanism for Real Sector @ Single Digit
To encourage banks to give credit to the real sector of the economy, at single digit rates, the Central Bank of Nigeria (CBN), has offered to complement the effort of Deposit Money Banks (DMBs)…
- 24 Sept 2025
CBN Governor Confirms 14 Banks Meet New Capital Thresholds
Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has confirmed that 14 Nigerian banks have fully met the new capital requirements set under the ongoing recapitalisation exercise. Cardoso…
- 1 Apr 2014
Exposed! How Cash Cartels are Conspiring to Kill the Naira
A lethal gang of unscrupulous expatriates; some Deposit Money Banks (DMBs; and Bureau de Changes (BDCs) have all conspired to ensure that the Central Bank of Nigeria (CBN) fails to salvage the…
- 9 Apr 2016
CBN Approves 2 Super Agents to Distribute Banking Services
Mrs Tokunbo Martins, director, Banking Supervision Department of the Central Bank of Nigeria (CBN), says the bank has approved two super agents to distribute banking services at cheaper prices.…
- 3 Oct 2025
How Policy Missteps Weigh Down Nigeria’s Fragile Banking Giants
By Blaise Udunze Nigeria’s banking sector has always stood at the center of the nation’s economic hopes. Yet, instead of fueling growth and wealth creation, the sector finds itself trapped in a cycle…
- 20 Oct 2019
CBN Fines 12 Banks N500Bn for Refusing to Lend to Customers
Central Bank of Nigeria (CBN) has fined 12 major banks N499.1billion for breaching its guidelines on lending to the real sector of the economy. According to an approved debit instruction, the…
- 3 Oct 2019
CBN Slams N500Bn Fine on Six banks for Loan Policy Violation
Central Bank of Nigeria (CBN) has slammed a fine of N500 billion on six Deposit Money Banks (DMBs) listed on the Nigerian Stock Exchange (NSE) as well as six other lenders for failing to meet the 60…
- 17 Apr 2024
CBN Cuts Banks’ Loan-to-Deposit Ratio to 50 Percent
Central Bank of Nigeria (CBN) has issued a new directive to all Deposit Money Banks (DMBs) introducing a reduction in the loan-to-deposit ratio (LDR) to 50 per cent. So called LDR refers to the…
- 25 Nov 2025
CBN Says 16 Banks Have Fully Complied with Recapitalisation Requirements
Central Bank of Nigeria (CBN) has confirmed significant progress in the ongoing bank recapitalisation programme, with Governor Olayemi Cardoso announcing that sixteen banks have already met the new…
- 28 Jul 2021
CBN Says eNaira Will Make Transactions Cheaper
Central Bank of Nigeria (CBN) has said that transactions will be cheaper to conduct with eNaira, Nigeria’s digital currency. Godwin Emefiele, governor, who spoke in Abuja at the end of the bi-monthly…
- 23 Oct 2013
Banks Borrow N2.5Trillion in August to Cushion Liquidity Crisis
Banks, discount houses and other financial institutions in the country have reportedly gone on massive borrowing spree, increasing their borrowing from the Central Bank of Nigeria (CBN) by some 210…
- 27 Jan 2020
Nigeria Week Ahead - CBN on Mission to Tame Inflation
By Lukman Otunuga, Senior Research Analyst at FXTM, Rising fears over the human and economic cost of the coronavirus in Asia should set a negative tone across global markets in the week ahead.…
- 14 Aug 2013
Banks Agree on N105Bn Sinking Fund to Clean Up Banking Mess
Deposit Money Banks (DMBs) in the country have agreed to set aside some N105 billion for a sinking fund to cover the cost of cleaning up the system after the 2008-2009 banking sector crisis and…
- 27 Apr 2020
CBN Slams $3.9Bn Fines on Banks to Soak up Liquidity, Support Naira
Central Bank of Nigeria (CBN) has fined about 28 financial institutions a total sum of N1.4 trillion or $3.9 billion to reduce excess cash in the banking sector, curtail rising inflation and support…
- 24 May 2015
CBN Grants Kakawa Discount House Merchant Banking licence
Central Bank of Nigeria (CBN) has approved a merchant banking licence for First Bank Nigeria Holdings Plc, through its subsidiary, the Kakawa Discount House Ltd. Mr. Bello Maccido, FBN Holdings group…