ATCON frowns @ CBN directive on eTransaction levy
Association of Telecommunications Companies of Nigeria (ATCON) has decried recent directive by the Central Bank of Nigeria (CBN) to all banks on the collection...
CBN laments idle data at banks, tasks Fintech on utilisation
The Central Bank of Nigeria (CBN) is worried about the non-utilisation of data at banks, saying they are not been utilised adequately by the financial institutions.
CBN maintains rates over rising fears of election, budget spendings
The Central Bank of Nigeria (CBN), yesterday, refused again to change the benchmark interest rate, but now on the reason that anticipated fund inflows would reverse the gains from inflation level.
GDP grows by 1.95% in Q1, non-oil sector accounts for 90.3%
Though the nation’s Gross Domestic Product (GDP) grew by 1.95 per cent (year-on-year) in real terms in the first quarter of 2018, financial analysts have advocated easing of monetary policy for sustainability.
On N500 billion for manufacturers
Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN) was reported to have said that the Central Bank of Nigeria (CBN) and the Nigeria Export-Import Bank (NEXIM) would provide N500 billion for small manufacturers in the country. The fund is to support the manufacturing and exportation of non-oil products.
Bank's growth plan targets key sectors, to pay N576m dividend
Sterling Bank Plc has said it would leverage on key sectors of the economy to drive sustainable growth and deliver value to shareholders, among which are health, education, agriculture, renewable energy and transportation.
Emefiele warns banks on emerging threats
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has charged banks and other financial institutions to be proactive about the emerging threats posed by financial technology (fintech) to avoid crisis in the sector.
CBN, Shippers’ Council plan new disbursement account for agencies
The Central Bank of Nigeria (CBN), plans to collaborate with the Nigerian Shippers’ Council (NSC), to compel all shipping agencies to open Disbursement Accounts (DAs) from where they will carry out operational costs for their multinational principals overseas. The apex bank and the ports regulator said this was in line with Article 4 of the…
Between single and multiple exchange rates
At the 2018 Spring Meetings of the IMF/World Bank Group, Finance Minister Kemi Adeosun repeated the quest for external loans, which was first made at the 2017 Spring Meetings.
Heritage Bank, CBN, ICC brainstorm on global trade operation systems
Heritage Bank Plc, Nigeria’s most innovative banking service provider, has hosted the May 2018 edition of the banking technique and practice meeting of the International Chamber of Commerce (ICC) Nigeria.
Banks are sabotaging our efforts on new notes – CBN
The Central Bank of Nigeria (CBN) has blamed commercial banks for sabotaging its efforts in replacing mutilated notes with new ones in the country.Mr Isaac Okorafor, Acting Director, Communications Department of the CBN, made the allegation in Lagos on Thursday in an interview with the News Agency of Nigeria (NAN).