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, NDIC not helping Unit MfBs – MD Boctrust MfB
The CBN has said that every account in the microfinance bank should have a BVN, which automatically brings credibility to the industry. Most MfBs are now on the NIBSS platform where we can also verify those BVN. We are also part of the Credit Bureau, which means that people, who take multiple loans from different MfBs without repayment, would be caught because we are now on the credit bureau platform.
Nigeria’s external reserves hit 4-year high of $40.3bn
NIGERIA’s external reserves rose to $40.33 billion last week, the highest in four years.
Is CBN defending the Naira or Dollar? – Henry Boyo
“AS I speak to you, our external reserves stand above $31bn and that provides us with enough fire power to be able to defend the Naira (N305=$1)” (Godwin Emefiele CBN Governor, April 25th, 2017).
CBN to slow liquidity mop-up as DMO kick-starts bond issuance with N110bn offer
THE Debt Management Office (DMO) will, this week, offer N110 billion worth of FGN bonds in commencement of its 2018 bond issuance programme, prompting expectations of reduced liquidity mop-up operations by the Central Bank of Nigeria (CBN).
Micro-insurers must deposit 10% minimum capital with CBN — NAICOM
THE National Insurance Commission, NAICOM, has said that prospective microinsurers must maintain a statutory deposit of 10 percent of the minimum capital requirement with the Central Bank of Nigeria, CBN.
