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.
Why CBN must conduct regular stress tests on banks
THIS is an open letter to Godwin Emefiele, the Governor of Central Bank of Nigeria, CBN, on the health of Nigerian banks. The purpose of the piece is not the misery index, even though current levels of inflation and unemployment are at feverish level; the essence is for him to be conducting stress tests on the Nigerian banks bi-annually. This is informed by concerns on the current state of health of the banks, which is causing apprehension among Nigerian depositors over safety of their investments.
Nigeria attracts $10.65bn Foreign Direct Investment – CBN
The Central Bank of Nigeria, CBN, yesterday said the country has attracted Foreign Direct Investment, FDI of $10.65 billion from January 2018 to last month.
Bailout funds’re structured loans — CBN
The Central Bank of Nigeria, CBN, has said the recent bailout funds were not mere freebies but guaranteed structured loans to states.
MAPs seek $1bn from CBN, BOI, others to close metering gap
THE Meters Asset Providers, MAPs, have appealed to the Central Bank of Nigeria, CBN, Bank of Industry, BOI, and other development banks to provide funds, targeted at enabling them close 4.5 million metering gap in Nigeria.
CBN disburses N30b to oil palm producers
The Central Bank of Nigeria (CBN) has disbursed the sum of N30 billion to oil palm producers, with a view to ensuring massive production of the commodity in the country. The Governor of CBN, Mr. Godwin Emefiele, disclosed this at a meeting with stakeholders in the industry, in Abuja, this afternoon. The CBN boss also disclosed that the apex bank had commenced investigations into the accounts of suspected palm oil smugglers, vowing to sanction culprits.
