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.
In pursuit of a people-oriented central bank agenda
The Central Bank of Nigeria (CBN) since 2014 when has ramped up its efforts to use monetary policy to boost enhance job creation and economic growth.
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.
