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Financial Policy and Regulation Department

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BusinessNews

Why Central Bank of Nigeria increased minimum capital requirements for banks

By Chioma Obinagwam   Nigeria’s apex bank, the Central Bank of Nigeria (CBN), had announced increased minimum capital requirements for banks.   According...

BusinessNews

Nigeria’s central bank adjusts interest rates on intervention facilities

Nigeria’s apex monetary authority, the Central Bank of Nigeria (CBN) has reverted its earlier five per cent interest rate on all its intervention...

BusinessNewsUncategorized

Firms, individuals without TIN, BVN will stop getting credit– CBN

The Central Bank of Nigeria (CBN) has mandated commercial banks to stop lending to firms without Tax Identification Number (TIN) and individuals not...

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