Bureaucracy, hard conditions frustrating access to textile Intervention fund—MAN
Clear reasons have emerged on why several years after the institution of N500bn textile Intervention fund, only limited number of industries has access the facility domiciled at the Central Bank of Nigeria (CBN). In an interview, the Director General of…
New Chinese currency swap deal to cut down transaction cost, ease importation—CBN
The Central Bank of Nigeria (CBN) has thrown more lights on the multiplier effects of the currency swap deal it recently consummated with the Peoples Bank of China (PBC), saying the new arrangements will among other things, cut down import…
NATCOMS joins ALTON, ATCON to list dangers of 0.005% tax on e-transactions
More stakeholders in the nation’s telecoms space have joined the calls on the Central Bank of Nigeria (CBN) to drop the stop the imposition of new electronic transaction levy of 0.005 per cent as contained in the new Cyber Crime…
CBN silent on EFCC’s alarm over imminent collapse of some banks due to NPLs
Strangely unlike before, the Central Bank of Nigeria (CBN) is yet to respond to the revelation of the Economic and Financial Crimes Commission’s (EFCC) acting chairman, Mr. Ibrahim Magu, that health of some commercial banks are so impaired that they…
IFC traces failure of financial inclusion to CBN’s 2009 Mobile Money guidelines
Leading international financial services group, the International Finance Corporation (IFC), has traced the rather too sluggish speed of financial inclusion in Nigeria to the mistake made by the Central Bank of Nigeria (CBN) in crafting its Mobile Money guidelines of…
Only painful sanctions by CBN can stop banks from currency round tripping
Beyond visiting banks very close to its head office in Abuja to check and give customers powers to report any erring bank frustrating flexible access to foreign exchange at official rates by the Central Bank of Nigeria (CBN) Governor, Godwin…
CBN, NIBSS, ePayment firms, media draw roadmap on pushing financial inclusion
It was high level business intelligence roundtable conference in Lagos on Thursday, as e-Payment stakeholders; close ranks with the media and regulatory agencies to draw roadmap on how best to deepen the penetration of financial inclusion in Nigeria. In his…
CBN may not release $2.5bn currency swap framework this week as promised
Though the Central Bank of Nigeria (CBN), last week assured that it will before the end of this week, release framework for the effective implementation of the sealed $2.5bn currency swap deal with China Central Bank, checks at the head…
Broadband under threat if CBN’s 0.005% e-Transaction Levy is allowed—ATCON
…As apex bank denies group audience for discussion Contrary to federal government’s policy pronouncements that that it is improving ease of doing business in critical sector of the economy, the recent directive by the Central Bank of Nigeria (CBN) to…
Emir Sanusi at AfDB meeting, calls for regional cooperation, structural reforms in Africa
Former Central Bank of Nigeria (CBN) Governor and current Emir of Kano, Muhammadu Sanusi II, has stressed that Africa’s development agenda must focus on the socio-cultural and commercial interests of Africans and the upliftment of Africa’s trade and economic ecosystem….
