As part of efforts to encourage commercial banks to lend more to operators of micro, small and medium scale enterprises (MSMEs), the Central Bank of Nigeria (CBN) is considering lowering the cash reserve requirement (CRR) for SME-focused banks.
The Central Bank of Nigeria under the auspices of the Bankers’ Committee has concluded plans to use the Bank Verification Number of customers to blacklist loan defaulters from accessing further loans in the nation’s banking system.
The Central Bank of Nigeria (CBN) has disclosed that an estimated N118 billion ($384.98 million at N306.4/ Dollar) has been spent by the Federal Government on debt services/payments between January and September 2017.
The Central Bank of Nigeria has expressed concern that “not a penny” of the N26 billion Agri-Business, Small and Medium Enterprises Investment Scheme (AGSMEIS) has been disbursed nearly one year after its establishment, even as it expects the fund to hit N60 billion by the end of the year.
In its bid to diversify the country’s economy away from oil, in line with the Federal Government’s economic plan, the Central Bank of Nigeria (CBN) has announced a revamp of the N500 billion Export Stimulation Fund for the promotion of non-oil exports in the country using the Anchor Borrowers’ Programme model.
The Federal Government, through the Debt Management Office, is scheduled to hold the last bond auction for the year on December 13, 2017.
Lagos State Governor, Mr. Akinwunmi Ambode, yesterday, said it was time for the government to review policies that inhibit growth, as well as come up with an efficient low-cost financial system that will work for all Nigerian.
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Saturday said that the bank would continue to support measures that would deepen penetration of financial services in the country.
The Central Bank of Nigeria (CBN) yesterday cautioned Nigerians against abusing the naira notes, warning that anyone caught would risk six months imprisonment or pay a fine of N50,000.
The global leader in payments Visa, today has announced a range of advanced sensory elements, to support the Visa brand when customers make transactions through connected, payment-enabled devices.
The naira, yesterday, appreciated to N360.31 per dollar in the Investor and Exporter (I&E) window, while the volume of dollars traded dropped by 7 per cent.
Bitcoin ploughed past $14,000 to a fresh record on Thursday as investors continued to pile in, triggering a warning the cryptocurrency was "like a charging train with no brakes" that would inevitably slip back.
Godwin Emefiele, Central Bank of Nigeria, CBN, governor, yesterday, disclosed that the nation’s external reserves have risen to $38.2 billion, the highest in 39 months.
The Central Bank of Nigeria (CBN) has again intervened in the foreign exchange market as the external reserves of the country hit a three year high at $38.2 billion.
The Central Bank of Nigeria (CBN) has said nation’s foreign exchange reserves added at $991 million in November to close at $34.8 billion as of November 29, 2017.
The Joint Admission and Matriculation Board (JAMB) has announced that Stanbic IBTC will reward the top 30 candidates in the last Unified Tertiary Matriculation Examination (UTME) will be giving scholarship worth N15m.
What is generally regarded as Africa’s version of the Olympic Games is officially underway in Rabat, Morocco. The Opening Ceremony of the 12th African Games was held Monday night at the Prince Moulay Abdellah stadium.
U.S. Secretary of State Mike Pompeo said in a television interview on Monday that it was unfortunate an Iranian oil tanker detained off Gibraltar had been allowed to leave.
U.S. President Donald Trump spoke separately on Monday with the leaders of India and Pakistan in a bid to calm tensions between the nuclear-armed neighbors over a territorial dispute.Trump
South African photojournalist being held captive in Darkoush, Syria, made a desperate appeal to the South African government and international community late Monday to help secure his release from gunmen who are demanding 1.5 million dollars in ransom.
Shiite leader Ibrahim El-Zakzaky has alleged that the condition at the Medanta Hospital in India, where he was taken on Tuesday is worse than that of Nigeria and the prison.
“You know Liverpool have got to where they have got, and I have complete respect for Jurgen Klopp,” Coach Frank Lampard has said.
The family of Inspector Mark Philips Ediale, a police officer that was killed by soldiers in Taraba State, has called for justice over his murder, saying that Ediale was the breadwinner of the family.
Following what has been described as ‘lack of breakthrough’ in the impasse that ensued in his treatment in New Delhi, India, the leader of Islamic Movement of Nigeria, IMN, Sheikh Ibraheem Zakzaky, is on his way back to Abuja, Nigeria.
The President, Nigeria Labour Congress (NLC), Comrade Ayuba Wabba, has assured workers, especially those in the states and local government, the group will do everything to ensure that they are not short-changed in any way in the payment of the new national minimum wage.