Depleting capital: Insurers seek access to N30bn statutory deposit
HAVING witnessed massive capital depletion while the economic downturn persists, a segment of the insurance industry, especially the fringe players are now lobbying the regulatory authorities to have access to their statutory deposit lodged in the Central Bank of Nigeria, CBN.
Only 5.3% of adults have access to credit in Nigeria, CBN laments
THE Central Bank of Nigeria, CBN, has expressed concern over the low level of credit penetration in the country which is estimated at 5.3 per cent of the nation’s adult population.
CBN to mop up N200bn with special TBs as Naira stable at N364/$
The Central Bank of Nigeria (CBN) yesterday said that it will issue special treasury bills today to mop up N200 billion from the banking system in order to further rein in inflation. Meanwhile the naira remained stable at N364 per dollar in the parallel market.
CBN alerts financial institutions on 5 special global terrorists
The Central Bank of Nigeria, CBN, yesterday, alerted financial institutions about five persons the United States of America has labelled as Specially Designated Global Terrorists, SDGT.
CBN alerts financial institutions on 5 special global terrorists
The Central Bank of Nigeria (CBN) Wednesday alerted financial institutions about five persons that the United States of America has labelled as Specially Designated Global terrorists
We ‘re targeting 11% inflation end 2017 – CBN Gov
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has said that the bank was targeting an inflation rate of between 10-11 per at the end of this year.
