Trending News: Vatican Releases Pope Francis’ Final Wishes (Full Text)Step-By-Step – How New Pope Will Be Selected To Replace Pope FrancisPope Francis’s Death Linked To Stroke, Coma, And Cardiovascular CollapseNiDCOM Chair Hails Onakoya For Breaking World Chess RecordInsecurity: ‘This Is Major Reason You Can Never Rule Nigeria’ – Onoh Blasts AtikuPSG Coach, Luis Enrique Points Out Arsenal’s Strength Ahead Of UCL ClashBayer Leverkusen Permit Xabi Alonso To Join Real MadridYour Statement Portrays Your Mischievous Personality – Ganduje Fires Back At Galadima‘Anyone That Attempt To Sell This Party Will Suffer’ – PDP“El-Rufai Deserved To Be Adequately Compensated” – APC Chieftain, ShittuEFCC Clarifies It’s Position On CBEX, Reaffirms Commitment to Tackling Financial Fraud“PDP Will Rise Again” — Abia PDP Plots 2027 Comeback, Declares Readiness To Reclaim PowerAPC Is Peaceful, Unlike Other Parties Battling Internal Crises – Ganduje BoastsNPFL Updates: Finidi Happy With Rivers Win, Kwara, Nasarawa Coaches Celebrate DrawRivers Emergency Rule: Lawyers Petition ECOWAS Court To Impose Sanction On Tinubu, NASSApart From Going On TV To Make Noise What Have You Contributed To The Legal Profession? – Wike’s Aide Blasts Femi FalanaWhy Iyabo Ojo Decided To Accept Relationship Between Priscilla And Juma Jux – Chioma GoodhairPolice React To Death Of Delta State Governor’s Aide, ShimiteGospel Artists Are In Business To Make Money – SpyroPep Guardiola Says Manchester City Vs Aston Villa EPL Clash Is “Final”‘My Task Was To Clean Up Faeces’ – Quadri Shares Ordeal In Detention After Viral Photo With Peter ObiPope Francis’ Romance With FootballGov Adeleke Condemns, Orders Investigation Into Burning Of Ilesa High Court‘I No Send Una’ – Peter Okoye Reveals Those Responsible For PSquare SplitPope Francis Demise: Four La Liga Games Scheduled For Today Get New DateJonathan Pledges Continued Commitment To Peace After Receiving Sunhak Global Peace PrizeYour Response Is Lazy – Baba-Ahmed Slams Onanuga‘Kenneth Okonkwo Works For Tinubu’ – Sowore AllegesOver ₦10 Million Raised For 17-Year-Old Quadri Alabi Following Alleged Wrongful ArrestBoko Haram Terrorists Kill Three Soldiers In Fresh Attack On Yobe CommunityAide To Governor Of Delta State Allegedly Murdered By HusbandAtiku Mourns Pope FrancisFrom Pope Leo XIII To Pope Francis: Meet The Ten Oldest Popes In HistoryWhy My Father Opposed Marriage To Olu Jacobs – Joke Silva Opens UpFlying Eagles Arrive In Cairo For Under-20 AFCON, To Face Egypt In FriendlyLedger and Pudgy Penguins Tease CollaborationMikel Arteta Gives Update On Bukayo Saka’s Fitness StatusWhy I’m Against Any Coalition With APC – Rhodes-VivourPope Francis’ Death Marks Loss Of A ‘Trenchant Voice For Justice,’ – Tinubu MournsPope Francis Was A Moral Compass In A Troubled World – Peter ObiWorld Leaders Mourn Pope Francis‘APC Is Funding Wike To Bring Down The PDP’ – Rivers PDP Chairman AllegesWike Is Unlike You, Whose Only Achievement Is Deceiving Obasanjo To Remove Elected Governor – Olayinka Blasts OjoduAllowing Citizens To Defend Themselves Against Bandits Will Cause Anarchy – Gov Namadi Replies DanjumaWho Will Be the Next Pope? Key Contenders Emerge After Pope Francis’ Death At 88Protests Break Out In Jos Over Plateau Killings16 Things To Know About Late Pope FrancisNRC Extends Suspension Of Warri-Itakpe Train ServicesAPC Suspends State Secretary, Avajah, Over Alleged Constitution ViolationsAPC Considers Automatic Ticket For Tinubu In 2027 Presidential ElectionYou Saw Evil In Gaza, Condemned It – Fani-Kayode Mourns Pope FrancisSynthetix Founder Warns SNX Stakers to Embrace New Mechanism or Face ‘The Stick’Bitcoin’s Holiday Price Rebound Signals Return of Institutional Confidence, Says QCP CapitalIndependence Day Bomber In Critical Condition After Maiduguri Explosion‘My Friend’ – Tinubu Hails Abia Ex-Gov, Orji Kalu On 65th BirthdayNigeria’s Kanyinsola Ajayi Becomes Second Fastest Sprinter Globally In 2025Just In: Onanuga Confirms When President Tinubu Will Return To NigeriaBreaking: Pope Francis Is Dead“National Assembly To Push For State Police As Part Of Efforts Against Terror Attacks” – BamideleCoalition: You Are An Incurable Virus, We Are Not Considering You For The Merger – Babachir Lawal Slams PDP GovsTinubu, Tchiani To Meet After 20 Months Face-offFG Declares New Target For National GridAbia Teachers Threaten To Strike Over Unpaid Minimum Wage, OthersTake A Back Seat And Enjoy Your Retirement – Babachir Lawal Fires Back At Bode GeorgeAustin Okocha Speaks On Failure To Win African Player Of The Year AwardTraditional Ruler Speaks On Emergence Of New Terrorist Group, Mahmuda In Parts Of Kwara, Niger“We Must Change Our Strategy” – David Mark Urges Tinubu Gov’t To Consider Border Fencing Like U.S, Israel To Tackle InsecurityEkiti APC Caucus Endorses Tinubu, Gov Oyebanji For Second Tenure10th Senate Reschedules Resumption Date To May 6, 2025NEC To Meet On Thursday, State Police Off AgendaBoko Haram Currently Uses Unmanned Drones To Monitor Military – BukartiIf Current Leaders Can Imitate Jonathan, Nigeria Will Be Better – Peter ObiS’Court To Hear PDP Govs Suit Challenging Rivers State Emergency Declaration After Easter BreakGov Lawal Speaks On Defecting From PDP To APCFubara: Is Sole Administrator, Ibas On Tinubu’s Side Or Setting Rivers On Keg Of Gunpowder?Bitcoin Breakout Alert—Are Bulls Targeting $90K?Vitalik Buterin Proposes RISC-V Upgrade to Boost Ethereum’s Execution SpeedMore Details Emerge On Clash Between Tinubu’s Minister And Bauchi Deputy GovernorPlateau, Benue Violence: APC Chieftain Accuses ‘Forces’ Of Plotting Against TinubuRivers: Stop Parading Yourself As Defender Of Nigeria’s Judiciary – Falana Fires WikePortable Opens Up On Using ‘Juju’ To Defeat Speed Darlington In Celebrity Boxing MatchBlack Market Dollar (USD) To Naira (NGN) Exchange Rate Today 21st April 2025Tinubu Directs VP Shettima To Visit Plateau TodayInsecurity: ‘Steer Clear, Don’t Be Part Of Those Attacking Us’ – Gov Alia Warns PoliticiansPDP Chieftain Discloses Regions That Peter Obi Would Win In 2027 If He Returns To The PartyBomb Explosion Reportedly Rocks Maiduguri Prison‘Instead Of Preaching Peace, You’re Sowing Seeds Of Discord’ – Ibas Knocks Tunde BakareTop Nigerian Newspaper Headlines For Today, Monday, 21st April, 2025Naira Rises against EUR, USD as GBP Rally—CBN FX DataSEC Warns Influencers, Bloggers against Promoting Ponzi SchemesBanks Levy: Shareholders Want Authority to Wind up AMCONFemi Otedola Increases Direct Interest in First Holdco by 4,121%Gumi Warns President Tinubu Over Rising InsecurityWilfred Ndidi’s Leicester City Relegated Again After Losing To LiverpoolNnamdi Kanu’s Family Accuses FG Of Media Manipulation, False NarrativesTunde Onakoya Sets New Guinness World Record Wth 64-Hour Chess MarathonJigawa Police Under Fire For Dispersing APC Supporters With Teargas At Government EventNigeria Police Force Intensifies Operations, Arrests Terrorists, Rescues Kidnapped VictimsWhy I Resigned As Tinubu’s Political Adviser – Baba-Ahmed Reveals, Says North Will Decide On 2027 CandidateState Of The Nation: Presidency Reacts To Pastor Bakare’s Message To Tinubu
Mon. Apr 21st, 2025
Trending News: Vatican Releases Pope Francis’ Final Wishes (Full Text)Step-By-Step – How New Pope Will Be Selected To Replace Pope FrancisPope Francis’s Death Linked To Stroke, Coma, And Cardiovascular CollapseNiDCOM Chair Hails Onakoya For Breaking World Chess RecordInsecurity: ‘This Is Major Reason You Can Never Rule Nigeria’ – Onoh Blasts AtikuPSG Coach, Luis Enrique Points Out Arsenal’s Strength Ahead Of UCL ClashBayer Leverkusen Permit Xabi Alonso To Join Real MadridYour Statement Portrays Your Mischievous Personality – Ganduje Fires Back At Galadima‘Anyone That Attempt To Sell This Party Will Suffer’ – PDP“El-Rufai Deserved To Be Adequately Compensated” – APC Chieftain, ShittuEFCC Clarifies It’s Position On CBEX, Reaffirms Commitment to Tackling Financial Fraud“PDP Will Rise Again” — Abia PDP Plots 2027 Comeback, Declares Readiness To Reclaim PowerAPC Is Peaceful, Unlike Other Parties Battling Internal Crises – Ganduje BoastsNPFL Updates: Finidi Happy With Rivers Win, Kwara, Nasarawa Coaches Celebrate DrawRivers Emergency Rule: Lawyers Petition ECOWAS Court To Impose Sanction On Tinubu, NASSApart From Going On TV To Make Noise What Have You Contributed To The Legal Profession? – Wike’s Aide Blasts Femi FalanaWhy Iyabo Ojo Decided To Accept Relationship Between Priscilla And Juma Jux – Chioma GoodhairPolice React To Death Of Delta State Governor’s Aide, ShimiteGospel Artists Are In Business To Make Money – SpyroPep Guardiola Says Manchester City Vs Aston Villa EPL Clash Is “Final”‘My Task Was To Clean Up Faeces’ – Quadri Shares Ordeal In Detention After Viral Photo With Peter ObiPope Francis’ Romance With FootballGov Adeleke Condemns, Orders Investigation Into Burning Of Ilesa High Court‘I No Send Una’ – Peter Okoye Reveals Those Responsible For PSquare SplitPope Francis Demise: Four La Liga Games Scheduled For Today Get New DateJonathan Pledges Continued Commitment To Peace After Receiving Sunhak Global Peace PrizeYour Response Is Lazy – Baba-Ahmed Slams Onanuga‘Kenneth Okonkwo Works For Tinubu’ – Sowore AllegesOver ₦10 Million Raised For 17-Year-Old Quadri Alabi Following Alleged Wrongful ArrestBoko Haram Terrorists Kill Three Soldiers In Fresh Attack On Yobe CommunityAide To Governor Of Delta State Allegedly Murdered By HusbandAtiku Mourns Pope FrancisFrom Pope Leo XIII To Pope Francis: Meet The Ten Oldest Popes In HistoryWhy My Father Opposed Marriage To Olu Jacobs – Joke Silva Opens UpFlying Eagles Arrive In Cairo For Under-20 AFCON, To Face Egypt In FriendlyLedger and Pudgy Penguins Tease CollaborationMikel Arteta Gives Update On Bukayo Saka’s Fitness StatusWhy I’m Against Any Coalition With APC – Rhodes-VivourPope Francis’ Death Marks Loss Of A ‘Trenchant Voice For Justice,’ – Tinubu MournsPope Francis Was A Moral Compass In A Troubled World – Peter ObiWorld Leaders Mourn Pope Francis‘APC Is Funding Wike To Bring Down The PDP’ – Rivers PDP Chairman AllegesWike Is Unlike You, Whose Only Achievement Is Deceiving Obasanjo To Remove Elected Governor – Olayinka Blasts OjoduAllowing Citizens To Defend Themselves Against Bandits Will Cause Anarchy – Gov Namadi Replies DanjumaWho Will Be the Next Pope? Key Contenders Emerge After Pope Francis’ Death At 88Protests Break Out In Jos Over Plateau Killings16 Things To Know About Late Pope FrancisNRC Extends Suspension Of Warri-Itakpe Train ServicesAPC Suspends State Secretary, Avajah, Over Alleged Constitution ViolationsAPC Considers Automatic Ticket For Tinubu In 2027 Presidential ElectionYou Saw Evil In Gaza, Condemned It – Fani-Kayode Mourns Pope FrancisSynthetix Founder Warns SNX Stakers to Embrace New Mechanism or Face ‘The Stick’Bitcoin’s Holiday Price Rebound Signals Return of Institutional Confidence, Says QCP CapitalIndependence Day Bomber In Critical Condition After Maiduguri Explosion‘My Friend’ – Tinubu Hails Abia Ex-Gov, Orji Kalu On 65th BirthdayNigeria’s Kanyinsola Ajayi Becomes Second Fastest Sprinter Globally In 2025Just In: Onanuga Confirms When President Tinubu Will Return To NigeriaBreaking: Pope Francis Is Dead“National Assembly To Push For State Police As Part Of Efforts Against Terror Attacks” – BamideleCoalition: You Are An Incurable Virus, We Are Not Considering You For The Merger – Babachir Lawal Slams PDP GovsTinubu, Tchiani To Meet After 20 Months Face-offFG Declares New Target For National GridAbia Teachers Threaten To Strike Over Unpaid Minimum Wage, OthersTake A Back Seat And Enjoy Your Retirement – Babachir Lawal Fires Back At Bode GeorgeAustin Okocha Speaks On Failure To Win African Player Of The Year AwardTraditional Ruler Speaks On Emergence Of New Terrorist Group, Mahmuda In Parts Of Kwara, Niger“We Must Change Our Strategy” – David Mark Urges Tinubu Gov’t To Consider Border Fencing Like U.S, Israel To Tackle InsecurityEkiti APC Caucus Endorses Tinubu, Gov Oyebanji For Second Tenure10th Senate Reschedules Resumption Date To May 6, 2025NEC To Meet On Thursday, State Police Off AgendaBoko Haram Currently Uses Unmanned Drones To Monitor Military – BukartiIf Current Leaders Can Imitate Jonathan, Nigeria Will Be Better – Peter ObiS’Court To Hear PDP Govs Suit Challenging Rivers State Emergency Declaration After Easter BreakGov Lawal Speaks On Defecting From PDP To APCFubara: Is Sole Administrator, Ibas On Tinubu’s Side Or Setting Rivers On Keg Of Gunpowder?Bitcoin Breakout Alert—Are Bulls Targeting $90K?Vitalik Buterin Proposes RISC-V Upgrade to Boost Ethereum’s Execution SpeedMore Details Emerge On Clash Between Tinubu’s Minister And Bauchi Deputy GovernorPlateau, Benue Violence: APC Chieftain Accuses ‘Forces’ Of Plotting Against TinubuRivers: Stop Parading Yourself As Defender Of Nigeria’s Judiciary – Falana Fires WikePortable Opens Up On Using ‘Juju’ To Defeat Speed Darlington In Celebrity Boxing MatchBlack Market Dollar (USD) To Naira (NGN) Exchange Rate Today 21st April 2025Tinubu Directs VP Shettima To Visit Plateau TodayInsecurity: ‘Steer Clear, Don’t Be Part Of Those Attacking Us’ – Gov Alia Warns PoliticiansPDP Chieftain Discloses Regions That Peter Obi Would Win In 2027 If He Returns To The PartyBomb Explosion Reportedly Rocks Maiduguri Prison‘Instead Of Preaching Peace, You’re Sowing Seeds Of Discord’ – Ibas Knocks Tunde BakareTop Nigerian Newspaper Headlines For Today, Monday, 21st April, 2025Naira Rises against EUR, USD as GBP Rally—CBN FX DataSEC Warns Influencers, Bloggers against Promoting Ponzi SchemesBanks Levy: Shareholders Want Authority to Wind up AMCONFemi Otedola Increases Direct Interest in First Holdco by 4,121%Gumi Warns President Tinubu Over Rising InsecurityWilfred Ndidi’s Leicester City Relegated Again After Losing To LiverpoolNnamdi Kanu’s Family Accuses FG Of Media Manipulation, False NarrativesTunde Onakoya Sets New Guinness World Record Wth 64-Hour Chess MarathonJigawa Police Under Fire For Dispersing APC Supporters With Teargas At Government EventNigeria Police Force Intensifies Operations, Arrests Terrorists, Rescues Kidnapped VictimsWhy I Resigned As Tinubu’s Political Adviser – Baba-Ahmed Reveals, Says North Will Decide On 2027 CandidateState Of The Nation: Presidency Reacts To Pastor Bakare’s Message To Tinubu
Mon. Apr 21st, 2025

Stop Using Forex as Collateral For Naira Loans, CBN Warns Bank Customers

Stop Using Forex as Collateral For Naira Loans, CBN Warns Bank Customers

The Central Bank of Nigeria (CBN) has warned bank customers to desist from using foreign currency as collateral for Naira loans.

Acting Director, Banking Supervision Department of the CBN, Adetona Adedeji, gave the warning in a statement on Monday, in Abuja.

Adedeji said that the current practice of using foreign currency-denominated collaterals for Naira loans would only be allowed in the case of Eurobonds issued by the Federal Government.

He said that guarantees of foreign banks, including standby letters of credit would also be allowed

“In this regard, all loans currently secured with dollar-denominated collaterals other than as mentioned above should be wound down within 90 days. Naira Slides as Nigerians Import Appetite Rises

“Failing which such exposures shall be risk-weighted 150 per cent for Capital Adequacy Ratio computation in addition to other regulatory sanctions,” he said.
The post Stop Using Forex as Collateral For Naira Loans, CBN Warns Bank Customers appeared first on MarketForces Africa.

Buying and Selling FX is is easy and Safe on Nairalaw.com Agree What Nigerian Bank you ant To meet Verify and Pay the FX into your Account and Pay The Seller Easy Safe ALL Within The Banking Premises ! You can even walk into Select Banks and Ask To Speak To The Manager Code Word Nairalaw ! If anything goes wrong and you need legal representation . We are Here To Help ! YO CAN DO ONLINE FX DEALS VIA OUR DEAL ARBITER APP FREE . THEY ARE AT YOUR OWN RISK EXCEPT YOU PAY A SMALL CHARGE UPFRONT
BUY 1 MILLION UK US EMAILS AND START RESELLING ON ADVERTIS.I.NG BUY 1 Million UK US EMAILS AND START RESELLING FOR DMCA PLEASE CONTACT US

Published on: April 9, 2024

    • admin

    Related Posts

    • Naira
    • April 21, 2025
    • 4 views
    Naira Rises against EUR, USD as GBP Rally—CBN FX Data

    Naira Rises against EUR, USD as GBP Rally—CBN FX Data The Nigerian local currency, the naira, depreciated against the Great Britain pound (GBP) and South African rand (ZAR) in the…

    Read more

    Continue reading
    • Naira
    • April 21, 2025
    • 5 views
    SEC Warns Influencers, Bloggers against Promoting Ponzi Schemes

    SEC Warns Influencers, Bloggers against Promoting Ponzi Schemes The Securities and Exchange Commission (SEC) has warned social media influencers and bloggers against promoting unregistered investment schemes. SEC’s Director-General, Dr Emomotimi…

    Read more

    Continue reading

    You Missed

    nnfx
    Vatican Releases Pope Francis’ Final Wishes (Full Text)
    nnfx
    Step-By-Step – How New Pope Will Be Selected To Replace Pope Francis
    nnfx
    Pope Francis’s Death Linked To Stroke, Coma, And Cardiovascular Collapse
    nnfx
    NiDCOM Chair Hails Onakoya For Breaking World Chess Record
    nnfx
    Insecurity: ‘This Is Major Reason You Can Never Rule Nigeria’ – Onoh Blasts Atiku
    nnfx
    PSG Coach, Luis Enrique Points Out Arsenal’s Strength Ahead Of UCL Clash