In line with the guidelines for the regulation and supervision of institutions offering non-interest financial services based on compliance to the principles of Islamic commercial jurisprudence, the Central Bank of Nigeria (CBN) at the weekend announced the inauguration of the Financial Regulation Advisory Council of Experts (FRACE). A statement from […]
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Banks to boost funding of agricultural sector
Deposit Money Banks in the country have pledged to increase financing for the agricultural sector, in a move considered to be a major step in ensuring the sustainable development of the sector. The banks made the commitment through the Bankers’ Committee’s Sub-Committee on Economic Development – at a special meeting […]
CBN has to force rates down – Analysts
The Central Bank of Nigeria may have to adopt a radical approach by forcing lending rates down in order to boost the real sector of Nigeria’s economy, analysts have said. According them, lending rates have to be lower than they are presently, preferably below double digits, to build the real […]
