CBN’s lending to banks rises 466 % to N268bn
Banks’ borrowings from the Standing Lending Facility (SLF) of the Central Bank of Nigeria (CBN) increased year-on-year (YoY) by 466 percent to N268.3 billion as at end of October 2023 from N47.35 billion as at October 2022 reflecting the increase in currency outside banks.
DIASPORA REMITTANCES: Access Bank to pay customers N5 for every $1 received
By Nkiruka Nnorom moeny market In a bid to promote diaspora remittances into the country, Access Bank Plc will be rewarding customers with N5 on every $1 received from their loved ones or associates abroad through foreign remittances. The N5 for every dollar cash back will be paid to Access Bank customers irrespective of […]
CBN releases list of 47 approved IMTOs
The Central Bank of Nigeria (CBN) has released the list of 47 International Money Transfer Operators (IMYOs) approved to receive foreign exchange remittances from Diaspora Nigerians.
CBN to sell N570bn Treasury Bills by Q2’21
The Central Bank of Ni Nigeria, CBN, said it will sell N570 billion worth of Treasury Bills (TBs) in the second quarter of 2021 (Q2’21).
CRC Credit Bureau launches solution to lending risks
CRC Credit Bureau launches solution to limit lending risksCRC Credit Bureau has announced a data-enabled solution, CRC Returnex, that will provide lending institutions with the means of using artificial intelligence to identify and retain borrowers in their portfolio.
Banks lose over N5bn to fraudsters in 9 months — NDIC
The Nigeria Deposit Insurance Corporation (NDIC) has stated that it is in collaboration with sister agencies in law enforcement to curtail cybercrimes especially in the financial system.
CBN guarantees N122.6bn agric loans
The Central Bank of Nigeria (CBN) has guaranteed a total of N122.6 billion loans under the Agricultural Credit Guarantee Scheme Fund (ACGSF) as at end 2020.
CBN facilitates release of 50,000 MT of Maize
The Central Bank of Nigeria (CBN) has made good its word, as it has released 50,000 metric tonnes of Maize into the Nigerian market.
Norwegian govt offers Nigeria capacity in fishery sector
THE Norwegian Seafood Council, NSC, has offered to assist Nigerian fishery sector with a view to building capacity in the sector.
FirstBank boosts SME sector with FirstSME Accounts
First Bank of Nigeria Limited has announced its Small and Medium Enterprise, SME, specific accounts designed to reinforce its role in putting SMEs at an advantage whilst contributing to national growth and development.
Hope PSBank begins free NIN registration nationwide
MONEY MARKET Hope PSBank, a subsidiary of Unified Payment Services Limited has commenced free National Identification Number (NIN) for Nigerians including its customers in all designated enrolment centres located in its regional offices across the country and its head office in Lagos. Hope PSBank has seven regional offices across the geopolitical […]
