CBN sustains foreign exchange market liquidity with $210m
The Central Bank of Nigeria (CBN), on Monday injected 210 million dollars into the inter-bank Foreign Exchange Market, in its bid to sustain liquidity in the foreign exchange market.
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.
CBN to expand ABP with N42bn Greenfield egg plant
THE Central Bank of Nigeria CBN) is set to expand the scope of its Anchor Borrowers Programme (ABP) with funding support for the N42 billion Greenfield Integrated Poultry and Powderized egg plant.
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.
CBN revises guidelines for Agric Scheme to accommodate Non- Interest Institutions
The Central Bank of Nigeria (CBN) says it has revised the guidelines for Commercial Agriculture Credit Scheme (CACS), to include Non-Interest Financial Institutions (NIFIs).
CBN extends N200bn commercial agric fund to Non-Interest banks
The Central Bank of Nigeria (CBN) yesterday said that Non-Interest Financial Institutions (NIFIs) can now participate in the N200 billion Commercial Agricultural Credit Scheme (CACS)
