CBN spending to defend Naira jumped 150.7% in Q1 – Expert   Data from the Central Bank of Nigeria (CBN), on Thursday, showed that currency in circulation at the end of March rose by N16.33 billion, or 1.04 per cent. According to the data on the CBN’s website, currency in […]

As part of efforts to sustain the growth of the banking sector, the Central Bank of Nigeria (CBN) yesterday unveiled guidelines for operating a Holding Company (HoldCo). The HoldCo structure, which was introduced in 2010, permits banks or banking groups to retain non-core banking businesses by evolving into a non-operating […]

The new Cash Reserve Requirement policy by the Central Bank of Nigeria (CBN) may have started affecting the profits of some Deposit Money Banks as witnessed in the first quarter report of some banks. Three major banks who posted their first quarter result yesterday recorded huge reduction in profits compared […]