Dividends: CBN Bars Banks With Huge Bad Loans From Paying The Central Bank of Nigeria has stopped the payment of dividends to shareholders by Deposit Money Banks and discount houses with huge bad loans and low capital base. This is due to the rising non-performing loans...

Banks Loan- Request From CBN Hits N11.73trillion Commercial banks’ three-month total loan requests from the Central Bank of Nigeria (CBN) stood at N11.73 trillion as at last December, the CBN Economic Report for the fourth quarter has shown. The loan requests, which came in the form...

Banks’ Assets Hit N34.6trn In 2017   The total assets and liabilities of deposit money banks in Nigeria rose N34.6 trillion, in 2017. This represented 9.2 percent increase over N31.683 trillion recorded at the end of 2016. The Central Bank of Nigeria (CBN), disclosed this in...

CBN- Nigeria Makes N7.3tr From Oil In 2017 Nigeria’s total revenue from crude oil rose by 29 percent to N7.3 trillion in 2017, reflecting impact of increases production and in crude oil price. Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele The revenue from...

With $210m, CBN Lifts The Forex Market In its desire to ensure the availability of forex and also meet customers’ requests in various segments of the market, the Central Bank of Nigeria (CBN) on Monday injected another sum of $210 million into the interbank foreign...

Forex Market: CBN Injects Additional $210m The Central Bank of Nigeria (CBN) on Monday sustained its intervention in the foreign exchange (forex) market by injecting another sum of $210 million into various segments of the interbank market. At Monday’s trading, the CBN offered the sum of...