Wednesday , January 17 2018
Home / Tag Archives: cbn

Tag Archives: cbn

Breaking: CBN takes over Board of Skye Bank

The Central Bank of Nigeria, CBN, on Monday, took over the Board and management of Skye Bank Plc after the lender failed to meet the regulator’s minimum key liquidity and capital adequacy ratios. The CBN Governor, Godwin Emefiele, disclosed this at a press conference, held at the CBN’s head office in Lagos. Emefiele said the apex bank had appointed a …

Read More »

CBN adopts flexible exchange rate policy, retains interest rate at 12%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has adopted a flexible exchange rate policy for the country. The CBN Governor, Mr Godwin Emefiele, disclosed this on Tuesday in Abuja while addressing newsmen on the outcome of the two-day meeting of MPC. He said with the directive, the apex bank would soon release a new guideline …

Read More »