N15tn FG’s InfraCo flags off operations this quarter, Says CBN
The Central Bank of Nigeria (CBN) Tuesday, announced that the Federal Government’s N15tn Infrastructure Corporation of Nigeria will begin operations in the third quarter of this year. Governor of the apex bank, Godwin Emefiele, made this public during an investors’…
CBN releases framework for safety, stability of financial system
The Central Bank of Nigeria (CBN) has released the Framework for Regulatory Sandbox Operations, to ensure the safety and stability of the Nigerian Financial System. The apex bank also is working to promote the use and adoption of electronic payments…
Ecobank to implement CBN’s circular on new cheque design from Jan 1, 2021
Further to the revised Central Bank of Nigeria (CBN) circular on implementing the requirements of the Nigerian Cheque Standards (NCS) and the Nigerian Cheque Printers Accreditation Scheme (NICPAS) dated 28th February, 2019, Ecobank Nigeria reminded its customers’ of the regulatory…
CBN warns Shippers, Shipping Companies in Nigeria
Non-compliance by shipping lines to the directive by the Federal Government that all export goods leaving the country should carry Nigerian Export Proceeds (NXP) numbers was the focus of discussions during a meeting recently convened by the Central Bank of…
Heritage Bank, CBN deepen investment outcomes, job creation
Heritage bank Plc in collaboration with the Central Bank of Nigeria (CBN), under the Nigerian Incentive-Based Risk Sharing in Agricultural Lending (NIRSAL) has continued to drive improved investment outcomes and job creation. Through this partnership, Heritage Bank is not relenting…
Editorial: When did CBN, Bankers’ Committee develop asset investment arm?
The weekend’s colourful handover of the massive National Theatre, Iganmu, Lagos built in 1976 for hosting of FESTAC ’77 under Gen. Olusegun Obasanjo, has continued to generate reactions from investment experts. Weekend and Sunday, July 12, 2020 to be precise,…
Maritime pundits seek probe into LADOL’s investment grants by CBN, BoI, etc
Worried by scanty presence of investments when compared with the volume of grants and funds already pumped in by several financial institutions including the Central Bank of Nigeria (CBN), Bank of Industry (BoI), and the Nigerian Content Development and Monitoring…
Access Bank responds to outrage, pledges to refund deducted stamp duty arrears
Leading financial institution with the largest branch networks, Access Bank on Sunday said it will refund its stamp duty deductions made from the account of its customers after a social media outcry on Saturday. Business Hilights recalls that stamp duty…
Heritage Bank disburses CBN’s N100bn loan to health
…Sells FX to SMEs, education sectors As part of proactive measures to cushion the effect of the COVID-19 and revamp the nation’s dwindling economy, Heritage Bank is set to disburse the N100billion set aside by the Central Bank of Nigeria…
‘Stringent conditions for CBN’s N220bn MSMEs fund discouraging access’
Contrary to impression by the Central Bank of Nigeria (CBN) that it’s N220bn Micro- Small and Medium Enterprises (MSMEs) Development Fund is being accessed by business owners seamlessly, President of the Abuja Chamber of Commerce and Industry (ACCI), Prince Adetokunbo…
