UPDATE: Banks to seize debtors’ deposits for loan repayment
To create N1trn new loans through LDR directive By Babajide Komolafe The Bankers Committee yesterday introduced a lending condition that empowers banks to seize and use bank deposit of debtors in any bank for loan repayment. Deputy Governor, Financial Sector Surveillance, CBN, Mrs Aisha Ahmad, disclosed this at a press conference after the Bankers Committee meeting […]
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.
Reduce monetary instruments to boost economy, expert advises CBN
Dr Samuel Nzekwe, a former president of the Association of National Accountants of Nigeria(ANAN) says the country’s economy will get a boost if the CBN Monetary Policy Committee agrees to reduce monetary instruments.
