CBN tracking timelines for banks’ recapitalization, sets limits for NPLs
The Central Bank of Nigeria (CBN) may have tactically flagged off planned recapitalization of banks in phases following the setting of fresh limits for exposure to non-performing loans (NPLs) that will reflect in the books of licensed banks and other…
Stakeholders’ continue to be divided on FG’s forex restriction on food imports
It has been fireworks since President Muhammadu Buhari directed the Central Bank of Nigeria (CBN), to stop providing fund for food importation. Whereas some interest bodies tend to welcome the development, there had been barrage of condemnations from economic experts…
(Special Report) Milk, CBN, kids stunted growth and herdsmen/RUGA controversy
Last week’s policy position of the Central Bank of Nigeria (CBN) as revealed by the Governor, Mr Godwin Emefiele that milk import has joined the list of 42 items that will no longer access forex from the apex bank has…
Analysts weigh survival chances of three new commercial banks
Whereas the Central Bank of Nigeria (CBN) recently issued operating licence to three new banks to operate in the country, industry experts have started looking at survival options available to the three new entrants including Titan, Globus, Taj banks. Some…
CBN, NCC still have much to do for agent banking in underserved areas—Owolabi
There seems to a lot of things yet to be considered both by the Central Bank of Nigeria (CBN) and the telecoms regulator, Nigerian Communications Commission (NCC) as far as driving financial inclusion in underserved areas of the country. This…
Merger, acquisition fevers engulf banking sector following CBN’s hint
Though the current largest bank in the continent by virtue of branch networks, Access Bank, has hurriedly denied any form of talks either with the management or shareholders of Union Bank relating to either merger or acquisition, industry analysts say…
Nigeria: Standstill Unlimited as FG Misses 7th FEC Meetings Since May 29
…As decisions statutorily meant for ministers remain stranded Today, July 10, 2019, marks yet another missed Federal Executive Council (FEC) meeting by the Federal Government of Nigeria due to no appointment of ministers who will serve as both administrative heads…
CBN ties banks down to 60% minimum Loan to Deposit Ratio from Sept
In view of jump-starting massive loan give out to business operators, the Central Bank of Nigeria (CBN), in a circular signed by the Director of Banking Supervision, Ahmad Abdullahi, ruled that “All DMBs are hereby required to maintain a minimum…
NCC mute as CBN liberalizes mobile money operations
Getting to one week after the Central Bank of Nigeria (CBN) has said that commercial banks can operate mobile money wallet services without prior approval from any agency, the telecoms regulator, Nigerian Communications Commission (NCC) is yet to react. However,…
Access Bank drives seamless access to CBN’s Creative Loan Scheme
Leading banking giant, Access Bank Plc., has given convincing narrative on the chances of success in the Central Bank of Nigeria (CBN) planned multimillion naira intervention fund for operators in the creative industry to grow their business. The Creative Sector…
