Flight to safety, low interest rates trigger 270% boom in commercial papers
THE quest for cheaper funds by corporate bodies and fear of non-performing loans by banks have triggered a boom in the market for Commercial Papers, CP, with the market growing by 270 percent in the third quarter of the year (2018).
Trade War: CBN calls for policies to protect Nigeria’s economy
Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele Wednesday said that Nigeria should take a cue from the ongoing global trade way by adopting policies to protect the local economy
CBN orders astronomical increase in capital base of Microfinance banks
THE Central Bank of Nigeria (CBN) has jerked up the minimum capital base for Micro-finance Banks (MfBs) by between 150 and 900 percent.
CBN revokes 9 micro-finance banks’ licences in Niger
The National Association of Micro Finance Banks on Monday said that nine out of the 34 micro finance banks in Niger have lost their operational banking licences.
CBN moves to reduce credit risk in mortgage financing
THE Central Bank of Nigeria (CBN) has announced the introduction of Mortgage Guarantee Companies (MGCs), aimed at reducing credit risk in the mortgage finance sector as well as increase access to mortgage loans.
CBN injects $337m, CNY53m into Inter-Bank Forex Market
In another round of intervention, the Central Bank of Nigeria (CBN), on Friday, injected over 337 million dollars in the Inter-Bank Foreign Exchange (Forex) market.
