CBN ends credit to firms, individuals without TIN, BVN
The Central Bank of Nigeria (CBN) has mandated commercial banks to stop lending to firms without Tax Identification Number and individuals not having Bank Verification Number (BVN).
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.
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.
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.
CBN to Nigerians: We’re ready to provide loans for those who want to go into cattle rearing business
The Cemtral Bank of Nigeria (CBN) has announced a new policy to end of milk into the country just as it assured that the bank was ready to provide loans for those who want to go into cattle business.
CBN moves to revive textile industry, stop capital flight
PORT HARCOURT— The Central Bank of Nigeria, CBN, has said its target is to revive the nation’s textile industry as well stop all form of capital flight through the importations fabrics.
