Bankers’ Committee takes over 40 acres National Arts Theatre to build CIP
As part of efforts to take the current Nigerian Nollywood global rating as the second largest movie industry after India’s Bollywood, the Nigerian Bankers’ Committee (NBC) weekend took possession of ownership documents of the National Art Theatre, Igamu from the…
Access Bank leads others to flag off CBN’s N22bn creative Nigeria project today
Pursuant to their plan to financially empower the Nigerian creative industry sub-sector, all is set for the inauguration of the Central Bank of Nigeria’s (CBN) N22bn strategic intervention fund in partnership with banks today in Lagos. Hint of today’s inauguration…
Nigeria @ 59: Dichotomy in exchange rate major minus for transparency, FDIs
Key pundits in financial services and foreign investors’ confidence analysis in Nigeria have argued that the continued dichotomy in exchange rate as currently driven by the Central Bank of Nigeria (CBN) remains a big minus in the crusade for Foreign…
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…
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…
Capital market, several sectors in limbo as equities await Buhari’s cabinet
The dangers of delays in governance are beginning to play out in a number of critical sectors of the economy following the observed delay by President Muhammadu Buhari in forming his cabinet getting to two months after his inauguration. Already,…
Recapitalization may further squeeze lending regime to private sector—Expert
More reactions have continued to come from the unveiled five-year monetary roadmap for the economy by the Central Bank of Nigeria’s (CBN) Governor, Godwin Emefiele. A development economist, Mr Johnson Adeoye, told Business Hilights in a telephone interview that “The…
PMB’s renewal of Emefiele’s job at CBN linked to ending Igbo marginalization
President Muhammadu Buhari, Thursday asked Senate to confirm the appointment of Mr Godwin Emefiele as Central Bank of Nigeria (CBN) Governor for the second and final term of five years. However, whereas sources close to the Presidency apparently linked the…
Power, access to fund killed over 130 textile firms in Nigeria—CBN
Central Bank of Nigeria (CBN) governor, Mr Godwin Emefiele has linked the collapse of well over 130 textile companies in Nigeria over the last 15 years to issues bordering on power supply and high interest rates by banks. Giving insights…
Improved structures may compel CBN to restart cashless policy nationwide—Gov
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele at the recent First Bank of Nigeria’s 125 years anniversary gala night dinner, raised hopes of continuing the halted nationwide cashless policy. Recall that the apex bank had in April…
