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.
Buhari nominates Adamu as CBN Deputy Gov
PRESIDENT Muhammadu Buhari has nominated the Director Human Resources of the Central Bank of Nigeria, CBN, Edward Lametek Adamu for the position of Deputy Governor of the nation’s apex bank.
Expansion in economic activities persists in January-CBN
The Central Bank of Nigeria (CBN) yesterday released the Purchasing Managers Index (PMI) report for January which showed that economic activities persisted for the nineth consecutive month.
Illegal deductions: Senate summons CBN gov, banks MDs, Bankers C’ttee, others
WORRIED by excess bank charges and illegal deductions by commercial banks in the country, the Senate, yesterday, summoned the governor of Central Bank of Nigeria, CBN, Godwin Emefiele; his officials, forensic auditors, Managing Directors of banks and Bankers Committee to give detailed accounts of why such issues were on.
Senate urges CBN, NDIC to educate Nigerians on Bit-coin danger
The Senate on Tuesday, urged Central Bank of Nigeria (CBN) and other stakeholders to made deliberate effort to educate the public on the dangers of Bit-coin as a store of value in Nigeria.
CBN injects $210m as naira depreciates to N360.37/$
The naira Monday started the week with a marginal depreciation of 2 kobo to N360.37 per dollar in the Investors and Exporters (I&E) window, even as the Central Bank of Nigeria injected $210 million into the foreign exchange market.
CBN, NDIC not helping Unit MfBs – MD Boctrust MfB
The CBN has said that every account in the microfinance bank should have a BVN, which automatically brings credibility to the industry. Most MfBs are now on the NIBSS platform where we can also verify those BVN. We are also part of the Credit Bureau, which means that people, who take multiple loans from different MfBs without repayment, would be caught because we are now on the credit bureau platform.
Nigeria’s external reserves hit 4-year high of $40.3bn
NIGERIA’s external reserves rose to $40.33 billion last week, the highest in four years.
Is CBN defending the Naira or Dollar? – Henry Boyo
“AS I speak to you, our external reserves stand above $31bn and that provides us with enough fire power to be able to defend the Naira (N305=$1)” (Godwin Emefiele CBN Governor, April 25th, 2017).
CBN to slow liquidity mop-up as DMO kick-starts bond issuance with N110bn offer
THE Debt Management Office (DMO) will, this week, offer N110 billion worth of FGN bonds in commencement of its 2018 bond issuance programme, prompting expectations of reduced liquidity mop-up operations by the Central Bank of Nigeria (CBN).
Micro-insurers must deposit 10% minimum capital with CBN — NAICOM
THE National Insurance Commission, NAICOM, has said that prospective microinsurers must maintain a statutory deposit of 10 percent of the minimum capital requirement with the Central Bank of Nigeria, CBN.
