Nigeria Curbs Banks' Ability to Grant Loan to Reduce Market Liquidity [Yahoo! Finance]
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Source: Yahoo! Finance
Most Read from Bloomberg Dubai Grinds to Standstill as Cloud Seeding Worsens Flooding Tesla Asks Investors to Approve Musk's $56 Billion Pay Again China Tells Iran Cooperation Will Last After Attack on Israel What If Fed Rate Hikes Are Actually Sparking US Economic Boom? Red Lobster Considers Bankruptcy to Deal With Leases and Labor Costs The Abuja-based Central Bank of Nigeria cut the bank's loan-to-deposit ratio by 15 percentage points to 50% “to align with the current monetary tightening,” it said in a circular to lenders on Wednesday. The new limit is in line with the banks' required cash reserve ratio, it added. The regulator in February increased the minimum cash reserve requirement for banks to 45% from 32.5% — a measure that was also aimed at reducing naira liquidity, stabilizing the currency and reining in pricing pressures. It raised the benchmark interest rate by 600 basis points to 24.75% between February and March to try and achieve the same objectives. A
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- GM and Ford's gas-powered profits and hybrid successes show how hard it will be for Tesla to weather an EV slowdown [Business Insider]Business Insider
- Elon Musk guts Tesla's charging team after winning over major automakers [Yahoo! Finance]Yahoo! Finance
- Elon Musk Just Laid Off the Entire Supercharger Team [Yahoo! Finance]Yahoo! Finance
TSLA
Earnings
- 4/23/24 - Beat
TSLA
Sec Filings
- 4/30/24 - Form PX14A6G
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form ARS
- TSLA's page on the SEC website