Finance

First Bank of Nigeria and Access Bank have committed N10 billion loan to firms that have good credit ratings.

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday stated that given that the inherent risks in granting loans to Micro Small and Medium Enterprises (MSMEs) by banks is now reduced tremendously through the introduction of the National Collateral Registry (NCR), small businesses will now be able not only to access credit but also access such at reasonable rates.

The Central Bank of Nigeria (CBN) has warned employees of financial institutions to avoid establishing relationships with individuals or entities who may pose undue reputational risks to their organisations.

The National Association of Microfinance Banks, NAMB, has called for a full implementation of the National Microfinance Policy, NMP, in the application of intervention funds.

The euro held at a two-week low on Friday as traders nursed losses in a week of bad data that indicated an economic slowdown in Europe was spreading as trade tensions between United States and China remain high.

The executive chairman, Federal Inland Revenue Service (FIRS), Tunde Fowler, has said that the Service, in collaboration with other stakeholders like the Nigeria Police Force, will continue to go after wealthy tax defaulters in 2019.

The Securities and Exchange Commission (SEC) has sealed off the premises of Dantata Success and Profitable Company, Kano for engaging in illegal capital market activities,

The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, has expressed optimism that another revolution, similar to what was recorded in the production of rice production, was about to occur in the tomato sub-sector.

The African Development Bank (AfDB) and ECOWAS, have signed an agreement for a study into a 1,000 km highway that will link Cote d’Ivoire’s commercial capital Abidjan, to Lagos.

Canada’s leading cryptocurrency exchange company has said it cannot repay $190m (£110m) to clients because its founder died with their passwords.

The Central Bank of Nigeria (CBN) on Monday assured Nigerians that it will continue to act in the best interest of the country.

The Central Bank of Nigeria, CBN, has refuted a front-page news story of Business Day which claims that faceless agents pocket over N32bn annually in profit from the foreign exchange market with the aid of CBN officials.

Nigeria’s borrowing is still within acceptable fiscal limits, despite the country’s growing debt level, the Minister of Finance, Zainab Ahmed, has said.

The Minister of Finance, Mrs Zainab Ahmed, has assured Nigerians that there is no cause for alarm over Federal Governments’ borrowing as it still remained within the fiscal limits.

The Naira on Thursday traded flat at N360.5 to the dollar at the parallel market in Lagos, the News Agency of Nigeria reports.

The Director of Development Finance of the Central Bank of Nigeria (CBN), Mr Mudashiru Olaitan, has commended farmers in the north-east for paying the loan granted to them by the bank under its Anchor Borrowers Programme (ABP).

The Bank of Agriculture (BOA) has commenced legal action against bad debtors, while trailing those that intentionally diverted loans to other uses, as part of efforts to recover N60 billion debt.

Bureau De Change operators in Benin are lamenting low patronage in spite of current political activities ahead of the general elections.