Monday, September 16, 2019
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Central Bank of Nigeria

Money Deposit Banks expand expands loan portfolios

Efforts by Central Bank of Nigeria (CBN) to encourage Deposit  Money Banks (DMBs) to increase their lending capacity to customers appear tom be yielding the desired dividends as nine of the nation’s banks are reported to have boosted their loan books in the first half of 2019 with credit to customers rising from its pre-first half position of N952billion to N8.59trillion.

BDCs prepare for FATF team assessment visit to Nigeria

COMFORT EKELEME

Bureaux De Change (BDC) operators under the auspices of Association of Bureaux De Change Operators of Nigeria (ABCON) has concluded plans for the annual evaluation of the Financial Action Task Force (FATF) team visiting the country soon.

Manufacturers protest CBN’s forex restriction on milk import

The Lagos Chamber of Commerce and Industry (LCCI) and the Manufacturers Association of Nigeria (MAN) have kicked against plans by the Central Bank of Nigeria (CBN) to add milk to the list of items banned from accessing its official foreign exchange window.

Recapitalisation: NAICOM requests plan from insurers

As insurance companies in Nigeria struggle to improve in their market penetration, chief executive officer of the National Insurance Commission (NAICOM) Alhaji Mohammed Kari has attributed the staunted growth of insurance industry to what he described as a fragmented financial sector.

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