The Central Bank of Nigeria (CBN) has threatened to prosecute bank customers that are of the habit of issuing cheques against unfunded accounts. In fact, the apex bank expressed concern over the unfortunate development, saying that over 167,507 dud cheques, with total value of N166 billion were processed by Deposit […]
Tag: Central Bank of Nigeria
CBN offers $300m for sale at forex market
The Central Bank of Nigeria on Wednesday offered $300m for sale at the foreign exchange market, as part of its weekly move to intervene in the market. According to a circular dated July 10, 2013, a copy of which was posted on the apex bank’s website, authorised dealers were invited […]
Ranking: Analysts call for fresh recapitalisation of banks
Economists have asked the Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, to consider instituting a fresh recapitalisation of the nation’s banks to make them bigger than what they are currently. They spoke against the backdrop of last week’s ranking of top 1000 world banks by The Banker magazine of […]
