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.
Read More
Tag: CBN
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.
Read More
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.
Read More
CBN issues ‘disclosure, transparency guidelines’ on Consumer Protection Framework
Victor Ogunyinka The Central Bank of Nigeria (CBN) has issued guidelines on disclosure and transparency Consumer Protection Framework (CPF). The guidelines, according to CBN is to give effect to the Disclosure and Transparency Principle contained in the Consumer Protection Framework (CPF) for institutions regulated by the CBN. The Guidelines provide minimum Disclosure and Transparency requirements
Read More
9 banks scale CBN’s dividend hurdle, 4 fail
DIVIDEND pay-out in banks rose 12.6 percent for their financial year ended December 2018 despite the dividend restriction policy introduced by the Central Bank of Nigeria, CBN. About nine banks scaled the CBN hurdle while four were caught napping.
Read More
CBN’s renewed push for jobs, forex savings in milk industry
I CAN’T meet my demands anymore and even those not on our bills are begging us to supply them, even from as far as China. So, we are saving Nigeria a lot of foreign exchange. So, the restriction on forex is good for the local industry because we are now being pushed to do more.”
Read More
Business confidence in economy rises in July — CBN survey
A Central Bank of Nigeria, CBN, survey report has shown that business’ confidence in the country’s macro economy rose by 0.8 basis point to 28.1 index points in July from 27.3 index points in June.
Read More
CBN regulation: Banks to increase lending by 8.6% in 2019 ― Analysts
ANALYSTS at Vetiva Capital Management Limited have projected 8.6 percent growth banks’ lending in 2019.
Read More
Banks’ lending to agric underperforms CBN’s 7% target
Anks’ lending to the agricultural sector is lagging behind the seven percent target of the Central Bank of Nigeria (CBN) for the sector by 2021.
Read More CBN’s 5-year plan: Chasing shadows with a charmed audience (2)
THE discourse, this week, relates to the implications of the CBN Governor’s plan for banks “to increase their capital base above the present N25bn”, which incidentally, was equivalent, to $195m (N127-N130=$1) in 2004, but has become seriously eroded to barely $75m today! Notwithstanding, CBN Governor, Godwin Emefiele did not reveal how the inexplicably, battered Naira Exchange Rate, which is actually, the prime cause of the sliding value of the capital base of Nigerian banks will be rescued.
Read More