What can the CBN do to help encourage private sector lending and financial intermediation?
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Interviews & Viewpoints | Godwin Emefiele, Governor, Central Bank of Nigeria (CBN): Interview from The Report: Nigeria 2016
Interviews & Viewpoints | Oscar Onyema, CEO, Nigerian Stock Exchange (NSE): Interview from The Report: Nigeria 2016
Articles & Analysis | Uptake in mobile and internet banking boosts penetration in Nigeria from The Report: Nigeria 2016
In January 2012 the Central Bank of Nigeria (CBN) launched the first phase of its “cashless” policy, which aims to reduce the volume of cash transactions and in turn cut the cost of banking services. Since then, the move towards electronic payments has spurred the growth of numerous electronic payment and commerce initiatives. The cashless...
Articles & Analysis | Comprehensive strategy set to overhaul Nigerian captial markets sector from The Report: Nigeria 2016
The Nigerian Securities and Exchange Commission (SEC) launched the Capital Market Master Plan in November 2015, which charts a course to greater sophistication, liquidity and innovation in the country’s capital markets. The plan, which spans the period from 2015 to 2025, is divided into three key areas: capital market development, non-interest...
Articles & Analysis | Lending to the Nigerian private sector increases from The Report: Nigeria 2016
Against the backdrop of a slowing economy and low oil prices, the Nigerian banking sector – filled with heavyweight regional players and the largest sector on the Nigerian Stock Exchange (NSE) – has sought to play an increasingly important intermediary role, facilitating efforts to diversify the economy through increased private sector credit...
Articles & Analysis | Nigeria focuses on encouraging banks to diversify lending from The Report: Nigeria 2016
Both the government and the Central Bank of Nigeria (CBN) have identified increased private sector lending as a priority, which has been made all the more urgent by a pressing need to stimulate the economy. As a result, the CBN has employed its monetary and regulatory tools to increase liquidity in the system and shore up banks’ balance sheets...