Other measures announced include the adjustment of the Cash Reserve Ratio (CRR) to 45 percent for Deposit Money Banks, retention of 16 percent for Merchant Banks, introduction of 75 percent CRR on non-TSA public sector deposits, retention of the Liquidity Ratio at 30 percent, and adjustment of the Asymmetric Corridor to +250/-250 basis points around the MPR.
Browsing: CBN
This followed the decision of the 12 members of the Committee at its 302nd meeting held on September 22nd and 23rd, 2025.
The Rights Issue was undertaken by the bank in response to the directive by the CBN on the recapitalisation of banks in Nigeria.
The apex bank disclosed this today in its Purchasing Managers Index Report for August 2025.
The Governor of the CBN, Olayemi Cardoso, made this known at the 18th Annual Banking and Finance Conference on Tuesday in Abuja.
The directive was contained in a letter to all banks, Payment Service Banks and other Financial Institutions (OFIs).
The Osun State Chairman of ALGON, Hon. Sarafadeen Awotunde, leveled the accusation at a news conference in Abere, Osogbo, the state capital, on Thursday.
In a statement issued by the Commission’s spokesperson, Abdur-Rahman Balogun, she described the boost to Nigeria’s economy from its diaspora community in recent times as humongous,
Let us, for a moment pause, and go through the facts on the local governments crisis. What I’m sure will be revealed is a total breakdown of public institution at the expense of politics. Nowhere in the 53 page of the Court of Appeal judgement being referenced by Mr. Kola Olabisi ordered the reinstatement of the court-sacked YES or NO officials.
The Governor of CBN, Olayemi Cardoso, disclosed this at the MPC briefing in Abuja on Tuesday.
Speaking at a press conference in Abuja, the Chairman of AEF, Alhaji Ibrahim Shehu Dandakata, cautioned that the new capital requirements could potentially shut out thousands of legitimate Northern BDC operators, many of whom have sustained the sub-sector for decades.
The development was made known by Yusuf Ali, SAN, counsel for the CBN Governor, Olayemi Cardoso, and Chikaosolu Ojukwu, SAN, lawyer representing Melrose before Justice Mohammed Umar shortly when the matter was called.
Adebayo, who is the Oyo State Correspondent for DAILY POST, made this assertion in a petition written to the three agencies, a copy of which was made available to journalists on Friday.
Justice James Omotosho said the suit seeking redress over breach of fundamental rights, failed to disclose any reasonable cause of action to the defendants.
The award, presented by African Banker magazine, recognises Cardoso’s “bold and strategic” leadership in steering monetary and regulatory reforms.
The non-interest financial instruments consist of the deployment of the Nigerian Non-Interest Financial Institutions’ Master Repurchase Agreement (NNMRA), the Commencement of Auction of the CBN Non-Interest Asset-Backed Securities (CNI-ABS) and the CBN Non-Interest Note (CNIN).
NIBSS, in the suit, is seeking an order to prevent any institution from challenging its statutory authority to maintain and manage the Bank Verification Number database in Nigeria.
Presenting the award to Cardoso, the Founder/CEO Nairametrics, Ugo Obi-Chukwu, said the award was in recognition of Cardoso’s transformative leadership and strategic contributions to Nigeria’s financial and capital markets.
This followed a Supreme Court judgment that Federation Account allocations must be paid directly to democratically elected Local Government Councils.
The Governor of the CBN, Olayemi Cardoso, announced the decision on Tuesday in Abuja following the 300th Monetary Policy Committee (MPC) meeting.