Deposit Money Bank’s (DMBs)

The Central Bank of Nigeria (CBN) has in the past three weeks unleashed policies seeking to get Deposit Money Banks (DMBs) to lend to the real sector of the economy, in order to get the economy on the right footing again.  First, the apex…

Emeka Okoroanyanwu The Central Bank of Nigeria CBN has posited that its commitment to deepening financial inclusion in line with its objective to achieve the national financial inclusion target of 80% by 2020, was the reason why the apex…

BABJIDE OKEOWO Central Bank of Nigeria (CBN) has issued an order to all Deposit Money Banks (DMBs) in the country to start implementing the new cheque standard from September 1, 2019. According to CBN, in line with the new cheque…

The Central Bank of Nigeria (CBN), says it will issue loans at five per cent and with no collateral to Small and Medium Enterprises (SMEs) through the NIRSAL Micro Finance Bank (MFB). The CBN Governor, Mr Godwin Emefiele, said this at…