CBN recommends corporate bonds to finance houses
THE Central Bank of Nigeria, CBN, has recommended corporate bond issuance to finance houses (FHs) as a strategy for tackling the challenge of paucity of funds confronting the subsector.
Financial Inclusion: CBN grants Freedom Network super-agent licence
THE Central Bank of Nigeria, CBN, has granted an approval-in-principle, AIP, to 3Line Card Limited to operate as a super-agent in the nation’s financial services system in order to boost financial inclusion in Nigeria.
Non-reconstitution of CBN, NSITF, PenCom, SEC boards harming economy, warns NECA
NIGERIA Employers Consultative Association, NECA, weekend in Lagos, expressed concerns over non-reconstitution of the boards of some critical federal parastatals, especially Central Bank of Nigeria, CBN, Nigeria Social Insurance Trustfund, NSITF National Pension Commission, PenCom, and Security and Exchange Commission, SEC, among others.
Analysing CBN’s new dividend policy
Many bank directors were notorious for contributing to a greater percentage of non-performing loans which contributed to the collapse of the banking industry
Expansion of economic activities slows in February — CBN
The Central Bank of Nigeria (CBN) yesterday released the Purchasing Managers Index (PMI) report for February which showed that economic activities expanded for the tenth consecutive month but at a slower rate.
IFC commends CBN over banking reforms
The International Finance Corporation, IFC, has commended the Central Bank of Nigeria, CBN, for implementing sustainable banking principles in the country.
CBN disburses lower currency notes to traders
Worried by the scarcity of lower currency denominations in circulation, the Central Bank of Nigeria (CBN, yesterday, commenced direct disbursement of the affected notes to traders.
CBN injects $210m as Naira appreciates to N360.19/$
The Naira started the week with a 51 kobo appreciation to N360.19 per dollar in the Investors’ and Exporters’ (I&E) window, even as the Central Bank of Nigeria (CBN) injected $210 million into the foreign exchange market.
Insecurity: Ex-CBN chief advocates comprehensive police reform
A former Deputy-Governor of the Central Bank of Nigeria (CBN), Mr Kingsley Moghalu on Monday called for a comprehensive reform of the Nigeria police to address various security threats in the country.
New dividend policy geared towards banks, shareholders’ protection – Ola Yussuf
Last week, investors in the stock market went into frenzy after the Central Bank of Nigeria, CBN, directed banks with huge non-performing loans (NPL) and Capital Adequacy Ratio( CAR) below the required standard, not to pay dividend. In this interview, Alhaji Rasheed Ola Yussuf, Managing Director, Trust Yield Securities Limited, threw more light on the new dividend policy, saying that it is meant to protect stakeholders in those banks.
CBN to expand ABP with N42bn Greenfield egg plant
THE Central Bank of Nigeria CBN) is set to expand the scope of its Anchor Borrowers Programme (ABP) with funding support for the N42 billion Greenfield Integrated Poultry and Powderized egg plant.
