• Banks sack 7,957 in 9 months

    Banks sack 7,957 in 9 months0

      • Human capital crisis looms • 42% of contract staff make payroll • Operators grappling with skill inadequacy • Planned competence test not triggered by noticeable gap – CBN • From our record, only one bank retrenched, says NUBIFIE The perennial human capital crisis in the banking sector got worse in the past few

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  • CBN issues guidelines on private sector agric loan

    CBN issues guidelines on private sector agric loan0

    As banks guarantee 26,830 agric loans worth N3.6bn Godwin Emefiele, CBN Governor. By Elizabeth Adegbesan Banks have guaranteed 26,830 loans worth N3.6 billion to farmers under the Agricultural Credit Guarantee Scheme Fund (ACGSF) in ten months (January to October) 2020. Meanwhile, the  Central Bank of Nigeria (CBN)  has just rolled out guidelines for private sector

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  • Tinubu urges CBN to lower interest rate over COVID-19

    Tinubu urges CBN to lower interest rate over COVID-190

    The National Leader of the ruling All Progressives Congress (APC), Bola Ahmed Tinubu, has called on the Federa l Government and the Central Bank of Nigeria (CBN) to take advantage of the economic dislocations created by the COVID-19 pandemic to lower interest rate. In a statement entitled: “The Case Against High Interest Rates in Time

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  • CORONAVIRUS: CBN, BANKERS’ COMMITTEE STOPS MASS SACK IN BANKS

    CORONAVIRUS: CBN, BANKERS’ COMMITTEE STOPS MASS SACK IN BANKS0

    THE anticipated mass sack in the banking sector has been halted by the Central Bank of Nigeria (CBN) and Bankers’ Committee. The suspension of the lay-offs in banks followed a resolution reached by the apex bank and the committee that no bank should sack, whether on temporary or permanent position. The Bankers’ Committee was convened

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  • CBN forex intervention hits $43.5bn in 15 months

    CBN forex intervention hits $43.5bn in 15 months0

    Within a 15-month period covering October 2018 and December last year, the Central Bank of Nigeria injected over $43.52bn to defend the nation’s currency in the foreign exchange market. The amount was arrived at by our correspondent based on computation of amount released by the apex bank to boost liquidity in the foreign exchange market.

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  • Inter-Bank Forex Market: CBN Intervenes With $210m

    Inter-Bank Forex Market: CBN Intervenes With $210m0

    The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into Nigerian Inter-Bank Foreign Exchange market following conclusion of Tuesday’s transactions. The bank’s Director, Corporate Communications Department, Isaac Okorafor, made this known in a statement in Abuja on Tuesday. Okorafor explained that the figure released by CBN on Tuesday indicated that

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