November 26, 2015/CBN The attention of the Central Bank of Nigeria (CBN) has been drawn to a fictitious online publication purporting that some deposit money banks in Nigeria are “experiencing stress”.The CBN wishes to state categorically that: 1. No Nigerian bank is “experiencing stress”. 2. The story as published is […]
Money Market
Union Bank Names Cyril Odu New Chairman
November 26, 2015/UBN Plc Union Bank of Nigeria Plc has appointed Mr. Cyril Odu as Chairman of the Board of Directors following the resignation of previous Chairman, Senator Udoma Udo Udoma, who was recently appointed Minister of Budget and National Planning by President Muhammadu Buhari. Mr. Odu joined the Board […]
Nigerian Banks Adequately Capitalised – CBN, Says FX Policy Largely Successful
November 24, 2015/The Will The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, said on Tuesday that all Nigerian banks were adequately capitalised, debunking recent reports that some three banks did not meet the minimum 10 percent capital adequacy ratio and had been asked to recapitalise. “This has been a […]