Banking and Finance

List of microfinance banks, others whose licences CBN revoked

THE Central Bank of Nigeria (CBN) has revoked the operating licences of microfinance banks (MfBs), primary mortgage banks (PMBs)...
Editorial -

CBN revokes licence of 179 MfBs, expert weighs implications

THE Central Bank of Nigeria (CBN) has revoked the operating licences of 179 microfinance banks (MfBs), four primary mortgage...
Ehime ALEX -

Why we give SMEs loans below CBN’s lending rate of 18% – BoI

THE Bank of Industry (BoI) said small and medium enterprises in the country are being given loans at a...
Harrison EDEH -

‘Why CBN’s aggressive measure failed to curb inflation’

THE Central Bank of Nigeria's (CBN) aggressive method of raising the monetary policy rate has failed to curb inflation...
Ehime ALEX -
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FCMB founder Subomi Balogun dies at 89

FOUNDER of the FCMB Group, formerly known as First City Monument Bank, Otunba Michael Olasubomi Balogun, has died aged...
Ehime ALEX -

AfDB approves $15m loan for Nigeria’s infrastructure financing gap

THE African Development Bank (AfDB) has approved a $15 million subordinated loan to Infrastructure Credit Guarantee Company Limited (InfraCredit)...
Ehime ALEX -
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