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.
FG should complement CBN’s 5yr agenda with fiscal actions – FSDH
FSDH Merchant Bank has called on the federal government to introduce appropriate fiscal measures to complement the five-year policy trust of the Central Bank of Nigeria (CBN).
Credit to economy falls by N720bn in May
Credit to the economy fell by N720 billion to N32.9 trillion in May reflecting the rationale behind the recent directive of the Central Bank of Nigeria (CBN) that banks should give out 60 percent of their deposits as loans.
CBN mandates banks to lend 60% of deposits
In a bid to boost economic growth, the Central Bank of Nigeria (CBN), yesterday, mandated Deposit Money Banks, DMBs, to give out minimum of 60 percent of their deposits as loans with effect from September 2019.
CBN orders MfBs to acquire 64 new customers per month
The Central Bank of Nigeria, CBN, yesterday, announced a financial inclusion target of 64 new customers per month for each branch of Microfinance Banks, MfBs, in the country.
Financial Inclusion: CBN orders MfB branches to acquire 64 new customers per month
The Central Bank of Nigeria, CBN, has announced a financial inclusion target of 64 new customers per month for each branch of Microfinance Banks, MfBs, in the country.
