Bancassurance: CBN warns banks against insurance products, free premium
THE Central Bank of Nigeria (CBN) has warned banks against offering products that incorporate insurance features, following its revised guidelines on Bancassurance Model.
CBN Deputy Gov. retires, urges bank to sustain credibility
Dr Sarah Alade, the Deputy Governor, Economic Policy, Central Bank of Nigeria (CBN) who retired on Wednesday, urged the Governor of the apex bank to uphold the credibility of the bank.
Rising bad loans choking banks – CBN
The Central Bank of Nigeria (CBN) yesterday warned that the rising incidence of bad loans has exposed the banking sector to macroeconomic adversity and weakened resilience in the sector.
Don predicts CBN will drop interest rate to 12% at next MPC meeting
A don, Prof. Sani Badayi, on Sunday predicted that the Monetary Policy Committee (MPC) will reduce the benchmark interest rate to 12 per cent at its next meeting this week.
Buhari directs CBN, finance ministry to hasten actions on refunds to states
President Muhammadu Buhari on Thursday directed the Ministry of Finance and the Central Bank of Nigeria to act with dispatch in releasing the second tranche of the London-Paris Club refunds to states.
Banks increase lending rates in Q1 – CBN
The Central Bank of Nigeria, CBN, yesterday, said the spread between banks’ lending rates and the Monetary Policy Rate, MPR, widened in the first quarter of the year, indicating increase in lending rates during the quarter.
