Concerns rise on banks' CRR as COVID-19 impact on businesses bites
Amid the devastating effects of COVID-19 on businesses, commercial banks currently have the issues of Cash Reserve Ratio (CRR) obligations to grapple with.
Nigeria’s fiscal challenges dent domestic debts refinancing agenda
In 2017, the then Minister of Finance, Mrs. Kemi Adeosun, embarked on a $3billion Eurobond debt. She explained that the move was to take advantage of the favourable international market to raise cheap funds for the country, mostly to refinance Federal Government’s maturing local debts.
The 60% loan-to-deposit ratio: Matters arising
The Central Bank of Nigeria’s (CBN’s) last month’s directive that all deposit money banks (DMBs) should maintain a minimum loan to deposit ratio of 60 per cent by September 30, 2019 to promote investment in the real sector and enhance economic growth is instructive.
Bankers’ committee takes financial literacy drive to schools
As part of activities to mark the 2019 Financial Literacy Day and Global Money Week, the Bankers’ Committee, an umbrella body for officials of the Central Bank of Nigeria (CBN), and managing directors of deposit money banks (DMBs), recently visited 488 schools in 193 local governments nationwide. Each financial institution in the country selected…
Operators seek improved support from DFIs, DMBs for non-oil export industry
The Non-Oil Export Community of Practice (CoP), has emphasised the need for Development Finance Institutions (DFIs), and commercial banks to improve support for the growth of the non-oil export sector in Nigeria during an Export Finance Forum recently in Lagos.