Tag Archives: CBN

Ebonyi State Governor Commends CBN Monetary Policies & Agric Initiatives The positive impact of the Central Bank of Nigeria (CBN) initiatives towards improving the economy, particularly in the agricultural value chains may have started to gain momentum, as the governor of Ebonyi State, Engr Dave Umahi has commended the Governor of Nigeria apex bank Mr Godwin Emefiele on the management …

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Heritage Bank set to disburse loan to CBN-YIEDP beneficiaries’ Barring any last minute change in decision, Heritage Bank Plc, one of Nigeria’s most innovative banking services provider, has concluded arrangement for a pre-disbursement of loan to beneficiaries of Central Bank of Nigeria’s (CBN), Youth Innovative Entrepreneurship Development Programme (YIEDP). The CBN-YIEDP fund is a N3 billion fund sets aside by …

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Extreme poverty to end by 2030 -World Bank Friday Ekeoba With the increase in global economic contraption, the World Bank’s Group President Jim Kim has said that the bank was determined to boost shared prosperity to end extreme poverty by 2030. Kim said this at the Brooking Institutions on the eve of the World Bank/IMF Annual meeting in Washington DC …

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Heritage Bank CEO lists Nigeria’s export potentials Heritage Bank Limited has identified major commodities that can boost foreign exchange earnings for the country. This becomes necessary as the Federal Government intensifies efforts to boost non-oil export revenues. Managing Director/ Chief Executive Officer, Heritage Bank Limited, Ifie Sekibo said some of the export potential products cocoa, cashew, groundnut, fish, horns, sesame …

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Fidelity Bank CEO explains why borrowers can’t access long term loans . Praises CBN’s Anchor Borrowers’ Scheme The Managing Director/CEO, Fidelity Bank Plc, Nnamdi Okonkwo has said that deposits are mainly short-term in nature and that lending such funds to customers for long-term can lead to asset mismatch. The bank chief who spoke at the 2016 Annual Conference organized by …

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From Left: Principal Manager, Banking and Payments System Department, Central Bank of Nigeria (CBN), Aisha Isa Olatinu; Chairman, Finance Correspondents  Association of Nigeria (FICAN), Babajide Komolafe; CBN Director, Banking and Payments System Department, ‘Dipo Fatokun and Principal Manager, Banking and Payments System Department, Apan Nseobong during the FICAN Bi-Monthly Forum hosted by the CBN in Lagos…at the weekend. CBN to extend …

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Minister of Finance, Kemi Adeosun Federal Government Holds Stakeholders Consultation On Pilot Issuance Of Green Bond The Federal Ministry of Environment has held a Stakeholders’ Consultation on the pilot issuance of Green bonds in Nigeria as part of moves to explore innovative sources of funding for its climate action plans towards sustainable development. Nigeria like most countries around the world, faces …

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Ecobank Nigeria launches Ecobank MasterPass QR Ecobank Nigeria has launched Ecobank MasterPass QR, a Mastercard global digital system that allows people to pay for services using mobile phones. The innovative new platform will also enable micro, small and medium enterprises (MSMEs) in Nigeria to receive digital payments from millions of customers. Ecobank Masterpass QR, makes electronic payments safe, simple and …

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CBN Lists Sanctions Against Banks Over Power Intervention Fund As Nigerians continued to grapple with incessant power-outage, the Central Bank of Nigeria (CBN) has spelt out sanctions to Deposit Money Banks participating in the disbursement of the N213bn Nigeria Electricity Market Stabilisation Facility, otherwise called power sector intervention fund. The sanctions were contained in a five-page circular posted on the …

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