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Pres. Buhari lauds CBN on Nation’s Reserves, others

Pres. Buhari lauds CBN on Nation’s Reserves, others

 

“The Central Bank of Nigeria has also assisted more than 30 States of the federation with concessionary loans to offset salary arrears for their workers. On the monetary side, the CBN has also implemented country-specific and innovative policies that have helped to stabilize the exchange rate and conserve our reserves.”
  • -   Excerpts of President Muhammadu Buhari’s speech at the swearing-in of Ministers in Abuja on Wednesday, November 11, 2015.

 


Facts : 1/1/1990
Guidlines for Licensed Banks:In 1990, the CBN introduced a set of Prudential guidelines for licensed banks which were complimentary to the capital adequacy requirement and statement of accounting standards. The guidelines spelt out the criteria to be adopted by banks in classifying non-performing loans.
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