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Banking Supervision

Central bank mandates commercial banks to give out more loans

A new directive by the Central Bank mandates Nigerian banks to give N65 as loans for every N100 they have as deposits.

Experts: Central bank deposit forfeiture order is legal

Contrary to insinuations in some quarters, the Central Bank of Nigeria (CBN) new policy regime mandating banks to go after customers who default on the repayment of their loans by seizing their deposits in other accounts is backed by law.

Central bank alerts on fraudulent loan schemes

The Central Bank of Nigeria (CBN) on Monday warned loan seekers and owners of small-scale businesses to beware of fraudulent loan offers purportedly by the Federal Government.

Central bank pegs remunerable bank deposits at N2 billion

The Central Bank of Nigeria has pegged bank deposit placement through its Standing Deposit Facility (SDF) at N2billion, saying that any amount in excess of that will not attract interest payment.

Central bank intensifies pressure on banks to lend to the economy

In a bid to further stimulate lending to the economy, the Central Bank of Nigeria, CBN, yesterday, said bank deposit placement through its Standing Deposit Facility, SDF, in excess of N2 billion will not attract interest payment.

CBN: Nigeria attracted $6 billion FDI in three months

The Central Bank of Nigeria has said the country attracted $6 billion foreign investments in the first three months of the year.

Recent Stories

The Speaker of the House of Representatives, Femi Gbajabiamila, has called for an improved welfare package for teachers in Nigerian as they join their colleagues globally to mark this year’s World Teachers’ Day. 9

Speaker Gbajabiamila harps on capacity building against climate change

The House of Representatives’ Speaker, Femi Gbajabiamila, has said the nation needs to urgently build technical capacity and make concerted efforts to be able to tackle the challenge of climate change and environmental degradation.

APC national caucus okays NEC meeting

The National Caucus of the All Progressives Congress (APC) on Thursday night endorsed the proposed meeting of the National Executive Council of the party slated for Friday.
Adams Oshiomhole

Adams Oshiomhole commends Speaker Gbajabimilla on passage of deep offshore bill

‎National Chairman of the All Progressives Congress (APC), Comrade Adams Oshiomhole last night hailed the commitment and patriotism of the Speaker of the House of Representatives, Femi Gbajabiamila on the passage of Petroleum Sharing contract and deep offshore bill recently passed into law by the National Assembly.

NARPPMAN calls for national policy on rubber plantation

The National Rubber Producers, Processors and Marketers Association of Nigeria (NARPPMAN) has assured that the body would create 164,000 job opportunities for the masses in the country as part of its 10-year target in rubber industry.

PDP BoT tasks NWC to investigate party’s poor showing in Bayelsa, Kogi elections

The Board of Trustees, BoT, of the Peoples Democratic Party, PDP, late Thursday night, tasked the National Working Committee, NWC, to investigate party leaders whose antics cost the PDP the governorship seats in the recently concluded governorship elections in Bayelsa and Kogi states.