Central Bank of Nigeria
NAMB responds to CBN’s proposed national MfB
Mixed reactions have trailed the decision of the Central Bank of Nigeria and Bankers’ Committee to set up a National Microfinance Bank Rogers Nwoke, President of the National Association of Microfinance Bank joins CNBC Africa to share his perspective on this.
ABCON calls on CBN to make BDCs direct agents of IMTOs
The Association of Bureaux De Change Operators of Nigeria has asked the Central Bank of Nigeria to implement provisions of its 2014 circular which empowers BDCs as direct agents of international money transfer operators.
The state of Nigeria’s financial sector
The Central Bank of Nigeria says it has no objection to the merger between Access bank and Diamond bank, which is set to be completed by the first half of 2019.
Investors snub CBN auction, sells only N39bn worth of OMO bills
The Central Bank of Nigeria only sold 39 billion naira via an OMO auction on Wednesday although the total amount on offer was 100 billion naira.
The state of lending in Nigeria’s real sector
The Central Bank of Nigeria stepped up its efforts to encourage banks to lend to the real sector by setting up the Real Sector Support Facility to encourage lending to the manufacturing and agriculture sectors through the Cash Reserve Ratios and Corporate Bonds.
Navigating Nigeria’s investment landscape
The court case between South African Telecoms firm MTN Group and the Central Bank of Nigeria has been adjourned to the 4th of December. Pabina Yinkere, Chief Investment Officer at Sigma Pensions joins CNBC Africa to discuss how investors are navigating Nigeria's investment space.
Strategies to improve access to mortgage finance in Nigeria
The Central Bank of Nigeria plans to conduct a feasibility study to establish the Nigeria Mortgage Guarantee scheme to boost home ownership in the country. Adeniyi Akinlusi, Chief Executive Officer of Trustbond Mortgage Bank joins CNBC Africa to discuss the strategies to increasing home ownership in Nigeria.
Nigeria’s manufacturing PMI expands to 56.8 points in October
The Central Bank of Nigeria's manufacturing PMI for October came in at 56.8 index points, indicating an expansion for the 19th consecutive month. Ugochukwu Irechukwu, Divisional Head, Institutional Banking at Diamond Bank joins CNBC Africa from the banking hall for this discussion.
CBN to Mop up N270mn
The Central Bank of Nigeria mopped up about 270 billion via an OMO auction on Thursday, Bukky Aregbesola, Team Lead, Fixed Income at Access Bank joins CNBC Africa from the banking floor to review trading activities in Nigeria’s fixed income and forex market this week.
T-Bills yields rise as CBN mops up N553bn
The Central Bank of Nigeria conducted its first OMO auction in two weeks on Thursday, offering 400 billion naira. The auction witnessed an aggressive mop-up of about 553 billion naira from the system by the CBN. Olawale Hamed, Currency Trader with UBA joins CNBC Africa for a weekly wrap of the fixed income and forex markets.