8 results
- 26 Oct 2021
Flutterwave Partners Stellar to Simplify Payments Between Africa & Europe
Flutterwave, Payments technology company has partnered with Stellar Development Foundation (SDF) to open two new remittance corridors between Europe and Africa on the Stellar network. Working with…
- 2 Apr 2018
Banks Borrow N27.5tn from CBN in Six Months
The Deposit Money Banks in the country borrowed the sum of N27.5tn from the Central Bank of Nigeria through the Standing Lending Facility window of the regulator during the first six months of 2017,…
- 5 Nov 2020
Banks’ Borrowings from CBN Drops by 93%
Deposit Money Banks’ reliance on the loans from the Central Bank of Nigeria (CBN) fell sharply by 93 percent in August, driven by surge in idle cash (excess liquidity) in the interbank money market.…
- 18 Feb 2021
Banks Cut Borrowings from CBN over Excess Liquidity
Deposit Money Banks have continued to reduce their borrowings from the Central Bank of Nigeria (CBN). The CBN attributed this new development to excess liquidity in the system. Banks borrowed…
- Financial2 Sept 2026
Banks Cut CBN Emergency Borrowing by 89% as Liquidity Improves
Borrowing by Nigerian banks from the Central Bank of Nigeria’s (CBN) Standing Lending Facility (SLF) fell by 89 per cent to N126 billion in August 2026 from N1.19 trillion in July.
- 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…
- 19 Sept 2014
CBN Berates Banks for not Lending to Real Sector
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) over the weekend berated Deposit Money Bank for not lending to the real sector of the economy. Godwin Emefiele, governor of…
- 30 Apr 2018
CBN to Sack Banks’ CEOs, Others over Delayed Accounts
Any bank which fails to publish its annual account 12 months after the financial year end will have its chief executive sacked, Godwin Emefiele, governor, Central Bank of Nigeria (CBN) has said.…