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.
CBN holds key rate at record-high 14% on inflation risks
Nigeria’s central bank held its main lending rate at a record-high 14 percent as it sees increased inflation pressure in the second half of the year. Of the nine members of the Monetary Policy Committee who attended this week’s meeting, eight voted to leave the benchmark rate unchanged, Governor Godwin Emefiele told reporters in the…
Easing inflation, stable naira show Nigeria MPC may be right
Nigerian central bank Governor Godwin Emefiele’s tight monetary-policy stance and system of multiple exchange rates may have paid off through slowing inflation and a stable naira.
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.
Between IMF austerity measures
The recent IMF/World Bank Spring Meetings must have been a much more pleasant experience for the team led by the Minister of Finance, Kemi Adeosun and consisting of the Central Bank of Nigeria Governor...
Shareholders divided over CBN’s plan to sack bank chiefs
Capital market shareholders have expressed divergent views on the recent decision by the Central Bank of Nigeria (CBN) to sack CEOs and chairmen of banks that fail to publish their banks’ yearly account, 12 months after the financial year ends.
‘Regulatory capture’ cause of mutilated naira notes in circulation, other malfeasance by banks, says Owoh
Commercial banks in the country may be having dominion over the Central Bank of Nigeria (CBN), resulting in the apex bank losing the regulatory grip over them, thus paving way for a free reign of malfeasances...
Senate queries $462 million extra-budgetary helicopters purchase
The Senate yesterday summoned the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele; the Minister of Finance, Kemi Adeosun; and the Minister of Defence, Mansur Dan-Ali to explain...
Senate summons Emefiele, Adeosun over $462m helicopter
The Senate on Tuesday summoned the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, for explanation on alleged withdrawal of 462 million dollars for purchase of helicopters from an American firm. Also summoned on the matter are the Minister of Finance, Mrs Kemi Adeosun and her Defence counterpart, Mansur Dan-Ali. The upper chamber’s…