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 releases list of 36 items valid for access to forex
The Central Bank of Nigeria yesterday released list of 36 items valid for access to foreign exchange in the foreign exchange market. In a circular to all banks and the general public yesterday the CBN said that the list of the 36 items valid was released to clarify misconceptions about details of the 41 items banned from accessing dollars in the foreign exchange market.
Senate gives NNPC, CBN, others 2 wks to submit budgets
ABUJA— THE Senate has given Acting President Yemi Osinbajo a two-week ultimatum to direct all government agencies that have failed to submit their 2017 budget proposals to the National Assembly in line with extant laws for consideration and approval, to do so or the affected agencies would be made to face the full wrath of the law.
Give account of cash/assets recovered from Ibru, Court orders CBN
The Court of Appeal sitting in Lagos on Monday has asked the Central Bank of Nigeria (CBN) to disclose the total cash and value of properties recovered from the former Managing Director of the defunct Oceanic Bank of Nigeria, Mrs Cecilia Ibru
Revert to 2016 Forex policy of N250, Kano Chamber advises CBN
Mr Umar Dansuleka, President, Kano State Chamber of Commerce, Industry, Mines and Agriculture, has asked the CBN to revert to its 2016 Forex policy that pegged exchange rate at N250.
Gov. Amosun escapes death as CBN bullion van rams into convoy
Gov. Ibikunle Amosun of Ogun on Thursday escaped death in an auto accident at the Ibafo axis of the Lagos-Ibadan expressway.
