CBN says IMTOs flouting regulation on remittances, issues additional guidelines
Charles Abuede
December 17, 2020
By Charles Abuede The Central Bank of Nigeria (CBN) has expressed discomfort at the practices of major market participants and
Nestle, Zenith, GTB, market bellwethers, buoy Nigerian bourse to close green
Charles AbuedeDecember 16, 2020
By Charles Abuede Market capitalisation increased by N140 billion to N18.6 trillion With the equities market
NBS reports 6% Nigeria banking sector loan growth to N19.87trn in Q3’20
Charles AbuedeDecember 15, 2020
By Charles Abuede Report points that growth in loans from banks not expected until economic activities pick up significantly
Nigeria’s inflation reaches 34-month high at 14.89% in November, amid yuletide
Charles AbuedeDecember 15, 2020
By Charles Abuede Food, core inflation rise to 18.30%, 11.05% in line with analysts’ expectations With the festive
Naira steady on street but CBN’s Special Bills leave market adrift in search of direction
Charles AbuedeDecember 15, 2020
By Charles Abuede Fixed income market in bearish posture Prevailing uncertainty in the market and recent sell-offs expected to
Smallholder farmers get CBN’s N200bn under ABP for 2020 wet season farming
Onome AmugeSeptember 24, 2020
Onome Amuge The Central Bank of Nigeria (CBN) has disclosed it has disbursed over N200 billion to smallholder farmers under the Anchor
CBN’s N200bn fund to fast track 300,000 homes across 36 states, FCT
Charles AbuedeSeptember 15, 2020
Charles Abuede To fund mass housing construction Targets 900,000 children, adults in 36 states, FCT 5m direct construction, 1m supply
CBN prescribes N5bn minimum capital base for payment service banks
Businessam StaffSeptember 1, 2020
The Central Bank of Nigeria (CBN) has set a minimum capital base of N5 billion for payment service banks (PSBs) and directed telecommunication companies, banking agents, retail chains and postal services to apply for licenses.
Banks, firms groan as forex scarcity affects payment obligations
Aderemi OjekunleAugust 18, 2020
BY: Moses olajuwon Obajemu Banks and other firms in the country have been groaning over their inability to raise enough forex to meet
Fitch warns CRR will crash banks’ returns
Aderemi OjekunleAugust 17, 2020
BY:Moses olajuwon Obajemu Fitch Ratings has sounded the alarm that the cash reserve ratio (CRR) policy being implemented by the