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CBN cash policy

CBN Slashes Loan-to-Deposit Ratio To 50%, Mandates Banks To Adjust Operations

In a move aimed at tightening its monetary policy, the Central Bank of Nigeria (CBN) has announced a reduction in the Loan-to-Deposit Ratio (LDR) for commercial banks from 65 percent to 50 percent. This means that banks are now allowed to lend

April 18, 2024

Energy, Exchange Rate, Transportation Top Three Drivers Of Inflation In Nigeria - CBN Survey

Business·Politics

CBN To Freeze Accounts Without BVN, NIN In 2024

The Central Bank of Nigeria (CBN) has issued a directive to impose a “Post no Debit” restriction on all bank accounts lacking the Bank Verification Number (BVN) and National Identification Number (NIN) effective April 2024. The term “Post No Debit” refers to

December 1, 2023

Business·News

Falana Seeks Prosecution Of Emefiele, Others Over Cash Crunch

Nigeria’s renowned activist-lawyer, Femi Falana, has called for prosecution of the suspended Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, and the bank’s management for alleged incitement and culpable homicide over cash crunch that occurred during the implementation of the Naira

September 18, 2023

Business

Femi Falana Reveals How CBN’s Cash Withdrawal Limit Violates Nigerians’ Right

Human rights lawyer, Femi Falana, said the recent cash withdrawal policy issued by the Central Bank of Nigeria (CBN) contravenes Nigeria’s constitution. The central bank had directed banks to limit cash withdrawal over-the-counter to N100,000 for individuals and businesses were restricted to

December 13, 2022

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CBN cash policy

CBN Slashes Loan-to-Deposit Ratio To 50%, Mandates Banks To Adjust Operations

CBN To Freeze Accounts Without BVN, NIN In 2024

Falana Seeks Prosecution Of Emefiele, Others Over Cash Crunch

Femi Falana Reveals How CBN’s Cash Withdrawal Limit Violates Nigerians’ Right

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