CBN approves N50bn one-off seed fund to revamp Nigerian textile industry
Omobayo Azeez
July 22, 2020
By Omobayo Azeez The Central Bank of Nigeria (CBN) has approved N50 billion intervention fund for the revamping of Nigerian textile
Only 22 Nigerian banks have restructured $20bn loans of 35,640 customers
Charles AbuedeJuly 21, 2020
Banking industry gross loans and advances increased by N3.33 billion to N18.9 trillion. Only 41 per cent has been restructured by the
CBN directs banks to migrate to ISO20022; What benefits to customers?
Charles AbuedeJuly 21, 2020
By Charles Abuede The Central Bank of Nigeria (CBN) has directed financial institutions in Nigeria to begin the process leading to
Will the Central Bank of Nigeria pull the rate cut trigger?
Lukmnan OtunugaMarch 24, 2020
As the coronavirus outbreak creates shockwaves across the globe, central banks and governments are enforcing emergency measures to
CBN stops treasury bills’ sale to individuals
Businessam StaffNovember 7, 2019
The Central Bank of Nigeria has given a directive to banks and other financial institutions to stop the sale of treasury bills to
Economy: Nigeria spent N387bn or $1.09bnm servicing debts in 9 months, says CBN
Businessam StaffNovember 5, 2019
By Omobayo Azeez The federal government of Nigeria spent $1.09 billion, an equivalent of N387 billion, between January and September
OMO ban does not affect investing in FG securities – DMO
Businessam StaffNovember 4, 2019
By Mudashir Tunde The Debt Management Office (DMO) has clarified some misconceptions surrounding the recent move by the Central
CBN’s PMI report shows production growth slows in September
Businessam StaffSeptember 24, 2019
Production and employment levels and raw materials inventories grew at a slower rate, while new orders and supplier delivery time grew
Banks race to improve deposits as CBN’s 60% LDR directive elapses in 2 weeks
Businessam StaffSeptember 17, 2019
In the wake of an approaching deadline towards meeting the Central Bank of Nigeria’s (CBN) directive on loans, Nigerian banks
External reserves lowest in six months, at $42.84bn
Businessam StaffSeptember 16, 2019
The nation’s foreign exchange reserves have declined further, falling to the lowest level since March 12, latest data obtained from