Breaking: Shareholders threaten court action over CBN’s policy on bad loans, dividends
Shareholders, under the aegis of Pragmatic Shareholders Association of Nigeria, PSAN, have decried the recent Central Bank of Nigeria, CBN’s rule that barred banks with huge bad loans from paying dividends and have called on the National Assembly to intervene with the aim of protecting local investors.
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.
Is CBN the evil genius behind higher fuel prices?
THE acute scarcity of petrol nationwide may have receded significantly, but issues relating to steady supply, appropriate pricing and fuel subsidy, obviously still remain very contentious. Government and NNPC have invariably blamed private marketers for the fuel shortage, while marketers have conversely, demanded the immediate payment of over N720bn that NNPC owes them.
CBN to aggressively push tomato, cocoa, palm oil production in 2018 – Emefiele
The Central Bank of Nigeria (CBN) says it will aggressively push and support farmers to boost the production of tomato, cocoa and palm oil across the country in 2018.
