PAMA backs FG’s commitment to affordable long-term industrial financing
By Yinka Kolawole The Pan African Manufacturers Association (PAMA) has welcomed the Federal Government’s commitments to improve energy supply, provide affordable long-term financing for industries, strengthen local procurement, secure industrial corridors and establish quarterly engagements with manufacturers. According to the association, these priorities align with its broader commitment to advancing industrialisation, strengthening regional value chains […]
Ghana central bank cuts policy rate to 18%
Ghana’s central bank says it has cut its benchmark interest rate by 200 basis points to 18 per cent from 20 per cent.
N177bn inflow to moderate cost of funds in interbank
COST of funds is expected to moderate downward this week, in response to inflow of N177 billion from matured Treasury Bills (TBs).
Buhari’s order to MDAs is too late
Lateness in getting the budget passed each year has contributed to our deepening poverty
Bank customers fault NIN as single identifier for transactions
BANK customers have faulted the imposition of the National Identification Number (NIN) as single identifier for banking transactions, saying this could undermine achievement of the nation’s financial inclusion goal.
Banks borrow N52tr from CBN as liquidity pressure intensifies
BANKS’ borrowing from the Central Bank of Nigeria (CBN) shot up by 80 percent to N52 trillion in 2017, from N29 trillion in 2016, due to pressure to survive the impact of high interest rate regime and ceaseless liquidity mop-up, driven by the tight monetary policy of the apex bank
