The House of Representatives on Wednesday pushed for a single-digit benchmark lending rate in the country’s banking industry. It directed its Committee on Banking and Currency to engage the Central Bank of Nigeria on the matter with a view to implementing a single-digit lending rate. It said this would encourage […]
Tag: Central Bank of Nigeria
N10.8 Trillion 2012 Revenues: Where is the Evidence?
In this exclusive report, Economic Confidential reveals that even as it has become apparent that Nigeria may not meet any of the key points in the millennium development goals (MDGs) and the Debt Management office (DMO) and Central Bank of Nigeria (CBN) crowd out the private sector from the debt […]
CBN issues lending guidelines between banks, subsidiaries
The Central Bank of Nigeria has issued new directives on lending guidelines involving Deposit Money Banks, Financial Holding Companies and other subsidiaries within the group. The CBN said in a circular on Tuesday that credit by a bank to its HoldCo would be regarded as a return of capital and […]
