The dwindling external reserves, which is currently at $43.2bn, has been putting speculative pressure on the naira, latest economic bulletin from the Lagos-based research and financial advisory firm, Financial Derivatives Company Limited, has shown. The development, according to the firm, may make the Central Bank of Nigeria’s Monetary Policy Committee […]
Tag: Central Bank of Nigeria
Banks begin Basel Capital Adequacy computation
Deposit Money Banks (DMBs) are expected to start a parallel run of both Basel I and II minimum capital adequacy computation before the end of the month, the Central Bank of Nigeria (CBN) has said. In a report posted on its website, the CBN Director, Banking Supervision, Mrs Tokunbo Martins, said the […]
Three banks fail liquidity test
The liquidity stress test conducted on 23 banks by the Central Bank of Nigeria (CBN) at the end of June showed that three lenders have problems. The CBN Financial Stability Report released at the weekend was okayed by the CBN Governor, Sanusi Lamido Sanusi. It said the industry liquidity ratio […]
