CBN disburses N1.8trn for developmentt financing
By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, said it disbursed N1.79 trillion for financing development in nine schemes from January to September 2020. This is contained in the apex bank’s October 2020 Economic Report released last weekend. Analysis of the report shows that out of the amount disbursed, N1.19 billion was deployed to […]
CBN revokes licenses of 7 dormant payment service providers
By Babajide Komolafe MONEY MARKET The Central Bank of Nigeria (CBN) yesterday announced the revocation of the operating licenses of seven dormant payment service providers (PSPs). The PSPs are Easifuel Limited, Transaction Processing System (TPS), Grand Towers Limited, Paymaster Limited, and E-Revenue Gateway Limited. The others are Eartholeum Network Limited, Globasure Limited and 3Line […]
Yuletide: CBN to investigate dearth of money in ATMs
The Central Bank of Nigeria (CBN) says it will investigate the scarcity of funds witnessed by customers in most Automated Teller Machines (ATMs) in Lagos State. The CBN‘s Acting Director, Corporate Communications, Mr Osita Nwanisobi told the News Agency of Nigeria (NAN), on Wednesday, that ATMs were introduced so as to ease the sufferings of […]
Consumers ‘ll shun luxury items in next few months, says CBN
Most Nigerian consumers are not likely to purchase expensive or luxury items in the next 12 months. The Central Bank Of Nigeria (CBN) made this known in its Consumer Expectations Survey (CES) Report for December 2020, released by the Statistics Department of the apex bank on Tuesday in Abuja. According to the report, most consumers believed […]
CBN reports Q4 negative consumer expectations
The Central Bank of Nigeria (CBN) has reported a negative consumer expectations in its fourth quarter 2020 Consumer Expectations Survey (CES). The survey report stated: “Consumers’ overall outlook was negative in the current quarter, as consumers were pessimistic in their outlook. However, consumers have a positive outlook for the next quarter and the next 12 months.
SMEDAN seeks CBN License on Microfinance Bank For MSMEs
BY Victoria Ojeme The Director-General, SMEDAN, Dikko Radda Small and Medium Enterprise Development Agency of Nigeria has said that discussions are on with the Central Bank of Nigeria to establish a Microfinance Bank for the Micro, Small and Medium Enterprises. The Director-General, SMEDAN, Dikko Radda confirmed the development during a media briefing on Thursday in […]
