National Wire About Nigerians, Nigerian Business and Other Stories
Nigeria’s Payment System Attracts $500m Investment In Five Years —CBN
The Central Bank of Nigeria has said the country’s payment system attracted about $500m worth of investments between 2015 and 2020.
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Tag Archives: Central Bank of Nigeria
Nigeria Needs 5% Annual Infrastructure Growth To Boost Productivity — CBN
boost domestic infrastructure, the Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele has disclosed that the country need to improve its growth drive by at least between 5 to 7 per cent for it to stimulate productivity and sustainable growth for businesses.
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FG Needs $100bn Annually To Address Infrastructure Deficit —Emefiele
Governor of the Central Bank of Nigeria, Godwin Emefiele, on Saturday, said that the Federal Government needed about US$100 billion annually to address the nation’s infrastructure deficit.
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UBA Publishes Names, Account Details Of Forex Defaulters
United Bank of Africa has published the names of some individuals who applied for Personal Travel Allowance and bought cheap dollars at the bank but did not use it for the purpose they applied for.
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CBN September Survey Shows Firms Lacked Confidence In Economy
A survey by the Central Bank of Nigeria has shown that business organisations were pessimistic about the economy in September.
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CBN Reduces Benchmark Lending Rate To 11.5%
The Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate from 12.5 per cent to 11.5 per cent after the two-day Monetary Policy Committee Meeting in Abuja.
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Bankers Back CBN’s Initiative To Boost Lending To Economy
The Bankers’ Committee Thursday expressed support for the current efforts by the Central Bank of Nigeria (CBN) to improve credit flow to key sectors of the economy, particularly through the latest initiative on the loan to deposit ratio (LDR).
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Crude oil: Nigeria loses N18bn daily
Vice President, Professor Yemi Osinbajo has confirmed that the country loses 1 million barrels of crude oil per day. Activities of the militants in the Niger Delta region of the country is responsible for the loss which is costing the challenged economy about $43m daily. Osinbajo who spoke at the maiden quarterly business forum organised by members of the organised …
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Nobody Took over Skye Bank Plc – New Chairman
The new board of Skye Bank Plc has declared plans to ensure that the bank is ably managed to health,saying that they will work to shore up its asset quality and normalize its cost to income ratio in the overall interest of the shareholders. Speaking at the Nigerian Stock Exchange(NSE)Friday, on the occasion of the visit of the new board of Skye Bankto the …
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