Housing industry may pick up as CBN sets new capital base for mortgage firms
Recent new capital base for mortgage firms set by the Central Bank of Nigeria (CBN) has continued to elicit reactions from industry experts. Recall that the apex bank had earlier in the week, set a minimum capital requirement of N10…
CBN silent on cost of delivering Apapa-Oshodi highway by Dangote
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has inspected the ongoing reconstruction of Apapa Port to the Lagos-Ibadan Expressway toll gate being undertaken by the Dangote Group. Addressing journalists’ weekend during the inspection tour, he used the…
FinTech disrupting conventional banking models—CBN
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has warned operators in the nation’s banking system that Financial Technology (Fintech) in the industry has come to stay He said the rapid growth in FinTech is not only…
Why CBN was weak in regulating exorbitant prices of local rice
Only recently, the Central Bank of Nigeria (CBN) released its third quarter report on the performance of the Commercial Agricultural Credit Scheme (CACS). The report showed that “At end-September 2019, the total amount released since inception by the CBN under…
Fears over CBN’s method to recover N36bn loans from N’East farmers
The recent inauguration of committee in all local governments in the North-East to recover N36bn loans advanced to farmers by the Central Bank of Nigeria (CBN), has raised a serious issue bordering on how the loans were disbursed in the…
Border closure: Ghanaian President, Nana Akufo-Addo opens up
Ghanaian president, Nana Akufo-Addo has broken his silence over the closure of Nigerian border, saying he was still hopeful that talks between his country and Nigeria over the closure of the Nigerian land borders would yield a positive result. Addressing…
Drawback for financial inclusion drive as FG begins N50 PoS charge
Mild confusion is gradually engulfing users of Point of Sale (PoS) device to pay for goods especially at filling stations across the federation. This stemmed from the resumption of N50 tax introduced by the Federal Government to raise revenue. The…
CBN gives Niger, Benin, others conditions for reopening land borders
Strong indications emerged Monday that chances of reopening closed Nigeria land borders in the nearest future remains bleak as far as the Central Bank of Nigeria (CBN) is concerned. Speaking to top media executives on Monday in Abuja, the Governor…
Forex ban on 43 items holding back Nigeria’s FDI—IMF
…CBN insists policy strengthening naira, backward integration The International Monetary Fund (IMF), has revealed that contrary to the thinking of the Central Bank of Nigeria (CBN) that forex restrictions on 43 items are driving backward integration in the local manufacture…
CBN remarks on sales by local rice farmers’ show need to reopen borders
…As foreign rice jumps to N22k in Lagos, Abuja N25k …Rice smuggling from northern borders in drones without checks Fresh revelations from the recent comments of the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele on the capacity…
