CBN, NDIC worry over non-performing loans
31 March 2017 |
1:35 pm
The Monitory Policy Committee of the Central Bank of Nigeria and The Nigeria Deposit Insurance Corporation recently raised the red flag over the rise in toxic loans in Nigeria's banks.
Related
28 Mar 2019
The Central Bank of Nigeria says its decision to slash the Monetary Policy Rate by 50 basis points was a signal to a new direction of its policy position. Muda Yusuf, Director General of the Lagos Chamber of Commerce and Industry joins CNBC Africa to discuss the wider implications of this new stance.
14 May 2019
“Nigerian Nightmare”, Kamarudeen Usman has come a long way from the five-year-old that left Edo State, Nigeria to the United States of America with his parents. From snagging the distinction of a top-wrestler, transitioning into mixed martial arts, to getting crowned the UFC welterweight champion, the father of one is living the life most of us dream of.
25 Jun 2019
Governor of the Central Bank of Nigeria, Godwin Emefiele will unveil his 5-year plan for his second term in office later today. Egie Akpata, Director General of Union Capital Markets joins CNBC Africa for the outlook of Nigeria’s capital market this week.
26 Jun 2019
Governor of Nigeria's Central Bank says the apex banks development finance efforts have been driven by the need to reduce reliance on crude as smuggling and dumping over the years have led to a demise of Agriculture. Obiora Madu, CEO of Multimix Group joins CNBC Africa to discuss some developments impacting Nigeria's non-oil exports.
16 Nov 2020
From November 18, GuardianTV will showcase the stories of some of Africa’s brightest minds who have used social media platforms like Facebook, Instagram, and WhatsApp to market their products, contents, and services.
We call them Dreamers and Doers. And you too can learn how these young entrepreneurs moved from mere dreaming to working to realise their ideas.
4 Dec 2021
In October, the Central Bank of Nigeria launched the hugely-anticipated eNaira, joining the small league of countries to own their digital currency. But it hasn’t been smooth sailing for the currency that, according to the CBN, offers more possibilities. What do you think about the eNaira? How would you describe your experience with the eNaira app?
Latest
3 mins ago
Kenya’s rapid mobile phone penetration has created opportunities to smartphone accessories providers. Ruuj Caflon, a Nairobi-based University graduate, is one of them. He designs clothes that can charge a phone and produce light.
7 mins ago
Residents of Kogi – the state most affected by the recent deluge in parts of Nigeria – urgently need help and are calling on the state and federal governments, as well as well-meaning individuals and organisations, to come to their aid.
45 mins ago
ust two weeks before going to trial, Elon Musk has agreed to follow through with his $44 billion deal to buy Twitter. The billionaire entrepreneur had tried to call off the takeover just days after announcing it in April. Twitter shares soared as the news was confirmed.
1 hour ago
Rwanda is going through a water crisis. The government and NGOs are now joining forces to prioritize water management in the country. Using groundwater in drought-prone areas might help address water scarcity.
1 hour ago
Just ten days after presenting his controversial mini-budget, UK Finance Minister Kwasi Kwarteng has had to retract one of its key features. Those with annual incomes above £150,000 will not see their taxes cut in the end. The U-turn comes after days of market turmoil and political pressure.
1 hour ago
Here are a few reasons to pick up a copy of The Guardian on Tuesday