Flight to safety triggers N300bn decline in credit to private sector
CREDIT to the private sector fell by N300 billion to N21.99 trillion in January, occasioned by investors’ increased preference for safe assets with high yield as represented by government securities.
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)
CBN, RMAFC oppose creation of Assets Management Agency
he Central Bank of Nigeria (CBN) and the Revenue Mobilization, Allocation and Fiscal Commission (RMAFC) on Tuesday, expressed opposition to the planned creation of a new agency to manage assets seized from corruption and other criminal cases.
CBN lifts foreign exchange market with $210m
The Central Bank of Nigeria (CBN) has provided fresh 210 million dollars to meet customers’ requests in various segments of the foreign exchange market.
