Money Market

CBN Signs MoU with DMBs to Boost Power Supply

Dec 22, 2014/CBN  Barely a month after the Central Bank of Nigeria (CBN) signed agreement with players in the power sector in collaboration with the Ministries of Power and Petroleum Resources as well as the National Electricity Regulatory Commission (NERC) on the Nigerian Electricity Market Stabilisation Facility (NEMSF), the Bank […]

CBN traps offshore investors as interbank FX liquidity collapses

Dec 23, 2014/BusinessDay May accelerate capital flight Wide black market set to re-emerge The circular reducing the FX trading position of banks to 0 percent of shareholders’ funds from 1 percent has led to a collapse in interbank FX liquidity, Business Day has learnt. This has left foreign investors trapped […]

MFBs accuse NDIC, others of stalling growth

The Chairman, National Association of Microfinance Banks, Kwara State Chapter, Mr. Joseph Adeyemi, has said the Central Bank of Nigeria and the Nigeria Deposit Insurance Corporation of allegedly frustrating the operations and growth of microfinance banks in the country. He claimed the regulatory agencies often wrote ‘unfriendly reports’ against its […]