As liquidity crunch continues to hold sway in the financial market, commercial banks have continued to access the Central Bank of Nigeria’s (CBN) standing facilities window to square up their positions by borrowing N6.275 trillion from the standing lending facility (SLF) window. The figure, which is for the period of January 2, 2019 to February […]
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Islamic centre appeals to CBN for microfinance banks policy review – Daily TrustThe International Centre for Islamic Culture and Education (ICICE) has appealed to the Central Bank of Nigeria (CBN) to review the recent increase of minimum capital base of microfinance banks. The Director-General of ICICE, Dr Kabir Usman, in a letter dated Feb. 6, written to the CBN governor, described the CBN decision as “injurious to …
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Industrial sector got N6.2trn loans in 4yrs – Daily TrustThe industrial sector attracted a total of N6.20 trillion from banks in the last four years despite downturns in the Nigerian economy within the period. Data sourced from the National Bureau of Statistics (NBS) showed that the industrial sector got the loans in the period 2015 to 2018.ADVERTISEMENT The industrial sector is divided into four: …
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CBN Injects 268.4m, CNY 46.3m Into Retail SMISThe Central Bank of Nigeria (CBN), yesterday, made an intervention of $268.4million in the retail Secondary Market Intervention Sales (SMIS) and CNY 46.3million in the spot and short tenored forwards segment of the inter-bank foreign market. This was disclosed by the director, Corporate Communications Department, Central Bank of Nigeria, Isaac Okorafor, who revealed that the […]
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CBN And The Funding Challenges Of MSMEsThe quest for inclusive economic growth and development in Nigeria will remain elusive unless the ease of access to finance by Micro, Small and Medium Enterprises (MSMEs) is pursued with greater vigour. Although the challenges faced by this critical segment of the economy is not new, it is imperative for a nation like Nigeria looking […]
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Forex: CBN injects $268.4m, CNY46.3m into retail SMIS – Daily TrustThe Central Bank of Nigeria (CBN) on Friday, February 22, 2019, made an intervention of $268.4million in the retail Secondary Market Intervention Sales (SMIS) and CNY46.3 million in the spot and short tenored forwards segment of the inter-bank foreign market. The Director, Corporate Communications Department, Central Bank of Nigeria, Isaac Okorafor, said the intervention was …
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Forex market: CBN provides $268.4m, CNY46.3m for agric, raw materialsA dollar exchanged for N360 at the Bureau de Change (BDC) segment of the foreign exchange market.
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M.I & Friends Thrill Fans As CBN Tour Hold In AbeokutaRap icon, M.I Abaga took the Choc Boys Nation tour to Abeokuta on the evening of Sunday the 10th of February, 2019 and he delivered a night to remember as A-list artistes graced the stage to thrill music fans in Abeokuta. After memorable shows in Abuja and Ibadan, fans in Abeokuta had high expectations, and […]
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CBN boosts foreign exchange market with $210m
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