CBN’s economic diversification gains traction with private sector
There are indications that the Central Bank of Nigeria, CBN, championed economic diversification efforts may have gained private sector lead and already on self sustaining range as the intervention funds beneficiaries begin to repay the loans.
CBN to disburse lower Naira denominations through microfinance banks
THE Central Bank of Nigeria (CBN) has released guidelines for the disbursement of lower denominations of the naira through microfinance banks (MFBs) across the country.
Banks’ borrowings from CBN to hit N23tr by year end
THERE are indications that banks borrowing from the Central Bank of Nigeria, CBN, may hit N23.7 trillion this year, with interest payment of N15 billion going by the current thrust and impacts of the CBN monetary measures. This represents 109 percent and 86 percent increases against the N11.33 trillion and N8.4 billion recorded in 2018.
CBN to disburse lower currencies to microfinance banks
The Central Bank of Nigeria (CBN) says it has released guidelines for the disbursement of lower denominations of the Naira through microfinance banks (MFBs) across the country.
Reps committee summons DSS, CBN, NNPC, Customs
An ad hoc committee of the House of Representatives has summoned heads of four government agencies to appear before in on Monday, Aug. 19.
Naira to depreciate further in I&E as CBN intervenes with $540m
THE declining fortune of the naira in the Investors and Exporters (I&E) window is expected to continue this week even as the Central Bank of Nigeria (CBN), in a bid to defend the nation’s currency injected $540 million into the window in July.
