CBN Raises Tenure Limit For Banks’ Chief Executives To 12 Years   The Central Bank of Nigeria (CBN) has increased the tenure of the Managing Director/Chief Executive of banks to a maximum of 12 years from 10 years. This was disclosed in a circular on the new,...

CBN Reverses Interest Rates on Intervention Loans to 9% The Central Bank of Nigeria (CBN) says it has reversed the reduction of five per cent interest rate paid on its interventions facilities to nine per cent yearly, starting from September 1, 2022. The bank had, at...