CBN latest policy to reduce money in circulation; banks to have less money to lend
As the Central Bank of Nigeria (CBN) drives banks to keep more money in its reserve, it is possible that the total money...
More money in circulation but FG entered new year with deficit – CBN report
The report published by the Central Bank of Nigeria (CBN) on Monday revealed that, as at the last check, N2.2 trillion were outside banks....
As GTBank crashes interest rate, intense competition for borrowers on the horizon
GTBank, a leading commercial bank in Nigeria, has reduced its payday loans interest rate to 1.33% per month against competing aggressive lenders such as...
UK set to inject 320 million Pounds into Sub Saharan Africa to aid businesses
United Kingdom's support agency, UKAID, is plowing 320 million Pounds into not less than 9 Financial Sector Deepening Programmes (FSDs) in select African countries,...
CBN’s 2020 loan scheme for entrepreneurs receiving applications
In an aggressive bid to quickly diversify the economy, the Federal Government, through the Central Bank of Nigeria (CBN), is putting in place support...
Prior transactions awaiting payment to comply with new tax regime, says Nigeria Accountant-General
To clear any contention that the new Finance Bill may cause among businesses, the Accountant General of the Federation, Alhaji Ahmed Idris, has hinted...
