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Tag: CBN

November 5, 2020February 2, 2022Companies

GTBank Receives CBN’s Approval to Restructure into a Holding Company

Guaranty Trust Bank Plc said it has received an “approval-in-principle” from the CBN to begin the process of restructuring into a HoldCo.

September 29, 2020February 2, 2022Business

Nigeria’s CBN Approves Sterling Bank’s Plan to Restructure into a Holding Company

Sterling Bank Plc has obtained the approval of the Central Bank of Nigeria to begin restructuring into a holding company.

September 4, 2020February 3, 2022News around Africa

Amid Looming Food Scarcity, CBN Grants Emergency Waiver to 4 Companies for Maize Importation

The Central Bank of Nigeria (CBN) has given an emergency approval to four companies for immediate maize importation, in a bid to cushion the effect of growing food insecurity in the country.

November 29, 2019May 29, 2022Profiles, Startup

Nigerian Manufacturers Obtain N459.69bn Credit from Banks in 5 Months

The new lending policy by the Central Bank of Nigeria (CBN) to increase Deposit Money Banks (DMBs)’s fundings to the real sector […]

September 12, 2018Business

CBN restricts credit to public sector, banks’ staff with additional guidelines

Central Bank of Nigeria in a recently released circular stated that before any bank could extend loans to any federal agency, state […]

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