Apprehension over cost of funds as CBN revs up liquidity mop up
The interbank money market is enveloped by apprehension over direction of cost of funds this week following the resurgence of liquidity mop by the CBN last week which occasioned the first weekly decline in cost of funds in four weeks.
CBN: Revving up liquidity and capital inflows
THE Central Bank of Nigeria,CBN, has systematically evolved innovative policies aimed at revving up liquidity and energetic capital inflows to impact economic activities towards building a healthy and balanced economy.
Tax remittance: BDCs to petition CBN over suspension of bank accounts
Bureaux De Change (BDCs) operators across the country are set to petition the Central Bank of Nigeria (CBN) against ongoing suspension of their bank accounts over demand for tax remittances on their turnover volumes.
N220bn SME Fund: CBN using stringent condition to mitigate risk – MfB boss
Managing Director, Okuta Microfinance Bank Limited, Apostle Blessed Dike, in this interview explained why most Microfinance Banks, MfBs, are unable to access the N220 billion Micro Small and Medium Enterprises Development Fund, MSMEDF. Excerpt:
Loans for manufacturing, agric, other sectors at 9% : CBN issues guidelines
Agricultural, manufacturing and the sectors considered as growth and employment stimulating, can now borrow long term as much as N10billion at consolidated nine per cent interest rate under new guidelines issued by the Central Bank of Nigeria.
CBN unveils new guidelines for credit to agric, manufacturing
The Central Bank of Nigeria (CBN) plans to increase the flow of credit to the real sector of the economy to consolidate and sustain the nation’s economic recovery.
