Author: InvestAdvocate

CBN governor sees money supply, credit growth challenges

  TUESDAY, 06 JULY 2010 01:20         Central Bank of Nigeria (CBN) governor, Sanusi Lamido Sanusi, said on Monday negative growth in money supply and credit to the private sector remained key challenges inflation.Inflation, he said, remained a “real threat” due to an expected public sector pay rise […]

Manufacturing gets CBN’s N150b push

  TUESDAY, 06 JULY 2010 FROM ALIFA DANIEL, TERHEMBA DAKA AND MATHIAS OKWE, ABUJA   The comatose manufacturing sector is to receive a N150 billion life-line from the Central Bank of Nigeria (CBN). Some 150 entrepreneurs and existing industries are to get N1 billion each to revive their operations.   […]

CBN: Banks Not Yet in ‘Positive Territory’

  By Emele Onu and James Emejo, 07.06.2010    Despite the modest profits recorded by some of the banks in the first quarter, Nigerian banks still have a long way to go in addressing the holes in their balance sheets, Central Bank (CBN) Governor Sanusi Lamido Sanusi said yesterday.He also […]