Why microfinance sub-sector is underperforming – CBN
THE governor of the Cen-tral Bank of Nigeria, CBN, Godwin Emefiele, has indicated that the Microfinance sub-sector is underperforming the set expectations for which they were created.
CBN injects $210m into foreign exchange market
The Central Bank of Nigeria (CBN), on Tuesday injected 210 million dollars into the inter-bank Foreign Exchange market to meet customers’ requests in various segments of the market.
CBN urges financial operators to diversify products
The Central Bank of Nigeria (CBN), has urged insurance operators in the country to ensure diverse insurance products to enable more citizens to key into insurance.
CBN, 3 banks receive N12bn from investment in AFC
Central Bank of Nigeria, CBN, and three other banks in the country received $41.736 million dividends (N12.938bn) in 2017 from their investments in regional multinational financial institution, the Africa Finance Corporation, AFC.
Turnover in I&E rises 24% to $29.7bn in H1’18
THE volume of dollars traded in the Investors and Exporters, I&E, window rose by 24.2 percent to $29.7 billion in the first half of the year, H1’18, from $23.9 billion traded in 2017.
Epayment: CBN imposes cyber security levy on charges
THE Central Bank of Nigeria (CBN) has imposed a cyber security levy of 0.005 percent on service charge collected by payment service providers, PSPs, on electronic payment transactions.
