Last updateMon, 07 Jul 2014 9am

Back You are here: Home Business Money Market

THE Central Bank of Nigeria (CBN) has, finally, extended the cashless policy to the nationwide, after running two pilot schemes in Lagos first then Abuja and five states. The policy took effect from last Tuesday. The CEO, Cowry Assets

ARISING from concerns overĀ  the impunity with which some borrowers default on their loans in some banks and yet obtain further credit facilities by others under same or sometimes, different identity, the Central Bank of Nigeria (CBN) last Tuesday

THE Central Bank of Nigeria (CBN) is again in the process of blacklisting bad bank borrowers, making good the governor, Godwin Emefiele's determination to go hard on habitual bank debtors and making it difficult for them to access credit anywhere in the system.

Nigeria differentials at lowest since January, supply ample Differentials of Nigerian crude oil fell to their lowest since January on Tuesday, squeezed by ample supply and anaemic European demand whichhas led refiners in the region to cut runs.

THE Federal Government is seeking $200million soft loan from the German Government for the establishment of a development bank, the Minister of Finance, Dr Ngozi Okonjo-Iweala, said last Thursday.
Okonjo-Iweala made the statement when a delegation of the German Government visited her in Abuja, adding that a Development Bank of Nigeria was needed to ensure

Social Menu