As part of efforts to strengthen the country’s currency, the Central Bank of Nigeria CBN has written to all commercial banks to stop the use of foreign currencies as collateral for naira loans. It ...
The Central Bank of Nigeria (CBN) has prohibited the use of foreign currency (FCY) as collateral for Naira loans. This directive contained in a ...
The Central Bank of Nigeria has released a strong affirmation of the security of cash within Nigerian banks, highlighting the country's banking sector's soundness. Amid widespread unconfirmed rumours, ...
The Central Bank of Nigeria has written to all banks in Nigeria to stop the use of foreign currencies as collateral for naira loans.
The Central Bank of Nigeria (CBN ... foreign currency (likely USD) as collateral for naira loans. This aims to reduce risks ...
ABUJA, April 8 (Reuters) - Nigeria's central bank has barred commercial lenders from accepting foreign currency-denominated collateral to grant naira loans, a move that could protect the banking ...
THE president of the Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dele Oye, has insisted ...
The recent tumultuous journey of the Nigerian economy, characterized by the devaluation of the Naira and soaring prices of goods and services, has left many Nigerians grappling with unprecedented ...
The Central Bank of Nigeria (CBN) on Monday banned the use of foreign currency-denominated collaterals for Naira loans, threatening to sanction erring banks. In a letter to all banks, and signed by ...
The Central Bank of Nigeria (CBN ... of foreign currency-denominated collaterals for naira loans. Adetona Adedeji, acting ...
CBN exempted from the ban Eurobonds issued by the Federal Government of Nigeria or Guarantees of foreign banks, including Standby ...