Tag: CBN

Exchange rate tops agenda as MPC holds first meeting in 2017
January 23, 2017 No Responses

Exchange rate tops agenda as MPC holds first meeting in 2017

Foreign exchange crisis will top the agenda Monday and and Tuesday as the Central Bank of Nigeria’s Monetary Policy Committee (MPC) holds its first meeting in 2017. Members of the committee are also expected to come up with more measures...
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Heritage Bank not in distress, says CBN
November 16, 2016 No Responses

Heritage Bank not in distress, says CBN

Heritage Bank is not in distress, the Central Bnak of Nigeria (CBN) Acting Director, Corporate Communications, Isaac Okorafor, declared on Tuesday.   An online publication had alleged that Heritage Bank Limited is unable to meet its customers’ immediate wit...
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CBN faults report on Banks, caution against exceeding $50,000 annual limit on overseas withdrawal
October 13, 2016 No Responses

CBN faults report on Banks, caution against exceeding $50,000 annual limit on overseas withdrawal

No Nigerian Bank is in crisis, the Bankers Committee said on Wednesday after its 329thmeeting in Lagos.   Briefing Journalists after the meeting, the Director, Banking Supervision of CBN, Tokunbo Martins described negative reports on the state of Nigerian Ba...
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