The Central Bank of Nigeria (CBN) wednesday directed commercial banks to review and make adequate provisioning for all delinquent foreign currency-denominated loans in line with the July 1, 2010 Prudential Guidelines for Deposit Money Banks in Nigeria. The CBN, which also settled futures contract valued...

The Central Bank of Nigeria (CBN) has retained its standard lending rate, the Monetary Policy Rate (MPR) at 12 percent but announced that there will now be flexibility in the management of its Foreign Exchange . The CBN Governor, Godwin Emefiele disclosed the decision of...