CBN maize import ban ill-timed, may cripple poultry sector — Don
The Programme Director of the Lagos Business School Agribusiness programme, Dr Ikechukwu Kelikume, has said that the recent directive by the Central Bank of Nigeria banning the importation of maize could reverse the gains of the apex bank’s other interventions in agriculture.
Stronger Assets Amid CBN Lending Policy
Unity bank closed the year with a 39 per cent increase in total assets to N293 billion from N210 billion in 2018 following an impressive performance in gross loans and advances to customers and customers’ deposits.
Banks besiege CBN for loans as scarcity of funds intensifies
The interbank money market has been gripped with intense scarcity of funds as amount of idle cash (liquidity) in the market fell by 95 percent, prompting banks to besiege the Standing Lending Facility, SLF, of the Central Bank of Nigeria (CBN) for short term cash needs.
CBN ready to partner private sector to tackle COVID-19 challenges — Emefiele
The Central Bank of Nigeria, CBN yesterday revealed its readiness to partner the private sector in its quest to tackle novel coronavirus, COVID-19 pandemic, as Lagos State commissions an ultra-modern disease isolation centre in Yaba.
COVID-19: SERAP asks court to order FG, CBN to name beneficiaries of cash payments, donations
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit asking the Federal High Court, Abuja to order the Federal Government and Central Bank of Nigeria (CBN) to “publicly identify and name Nigerians who have so far benefited from any cash payments, cash transfers, food distribution and other reliefs and palliatives during the lockdown in Abuja, Lagos and Ogun states because of COVID-19.”
COVID-19: 17 banks seek CBN approval to restructure 32,000 loans
In apparent reflection of the severe impact of the COVID-19 pandemic on the economy, 17 banks have written to the Central Bank of Nigeria (CBN) for permission to restructure 32,000 loans granted to individuals and businesses
