Manufacturers urge CBN to raise special window allocation to SMEs to $100,000
Sango-Ota—Chairman, Manufacturers Association of Nigeria, MAN, in Ogun State, Mr Wale Adegbite has advised the Central Bank of Nigeria, CBN, to increase the special window given to SMEs in the country from $20,000 to $100,000 quarterly.
Fitch Ratings reinforces CBN’s hints on banking industry
On the heels of the concern on the stability of the banking industry expressed by the Central Bank of Nigeria, CBN, after its Monetary Policy Committee, MPC, meeting last Tuesday, Fitch Ratings, a global financial and economic watchdog, has said that Nigerian banks will continue to face challenges this year, following an extremely difficult 2016.
Policy issues: CBN, Finance Ministry rift deepens
HOPES of unanimity of positions and harmony of fiscal and monetary policies appear dim following an alleged demand for a review of the powers of the Central Bank of Nigeria, CBN, by the Ministry of Finance.
Theft of CBN’s N8bn: 2 bankers bag 18 years
A Federal High Court sitting in Ibadan has sentenced a Central Bank of Nigeria staff, Philip Togun, and a woman, Esther Afolabi, ex-staff of WEMA Bank to 18 years imprisonment for participating in stealing of N8 billion at CBN Ibadan branch.
CBN Deputy Gov. retires, urges bank to sustain credibility
Dr Sarah Alade, the Deputy Governor, Economic Policy, Central Bank of Nigeria (CBN) who retired on Wednesday, urged the Governor of the apex bank to uphold the credibility of the bank.
Rising bad loans choking banks – CBN
The Central Bank of Nigeria (CBN) yesterday warned that the rising incidence of bad loans has exposed the banking sector to macroeconomic adversity and weakened resilience in the sector.
