Nigeria: CBN Governor Unveils Comprehensive Communication Revamp

Posted by - February 7, 2024

Ahead of the Monetary Policy Committee (MPC) meeting, Governor Olayemi Cardoso of the Central Bank of Nigeria revealed plans to revamp the bank’s communication strategy. Mr. Cardoso emphasized the importance of communication in monetary policy, acknowledging its complexity. He expressed the intention to refine the communication strategy to ensure clear messaging tailored to various target

Nigeria: CBN to raise bank minimum capital to N906b

Posted by - January 24, 2024

The Central Bank of Nigeria (CBN) is considering an increase in the minimum capital requirement for Nigerian commercial banks to N906 billion. A report ‘Banking Sector FY 2024 Outlook’ released by CardinalStone Securities, noted: “Banks may be expected to boost capital base to between N181.85 billion (for regional banks) and N909.27 billion (for international banks),

Nigeria: CBN Governor approves updated service charter

Posted by - December 8, 2023

In a significant step towards enhancing the business environment in Nigeria, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso approves the apex bank’s updated service charter. This move is in accordance with the Business Facilitation Act (BFA), which directs the bank to streamline operations and improve customer service delivery. In a statement by the bank,