Tag Archives: CBN

“Worried by the dearth of accurate data for necessary action plan in the housing sector, the Real Estate Developers Association of Nigeria (REDAN)  is initiating strategy to provide solution to the challenge of housing deficit.”-Nigerian Tribune The moves by REDAN to provide a solution to the challenge of housing data was made known by its President, Rev. Ugochukwu Chime,   at ...

“Worried by huge figures of housing deficit facing the country, the World Bank and International Development Association, IDA, has set aside $300 million to fast-track provision of  accommodation for the teeming Nigerian population.” –Vanguard The fund, which is to be channelled towards pursuing aggressive development of housing sector in Nigeria, is being facilitated by the Nigeria Housing Finance Programme, NHFP. ...

“Brighter days may lie around in the corner for prospective homeowners, following plans to introduce a public private partnership initiative that seeks to increase access to housing finance in Nigeria through mortgage guarantee insurance and microfinance scheme.”- All Africa The scheme, ‘My Own Home’ comes as an offshoot of the Nigeria Housing Finance Programme (NHFP) set up by the Federal ...

Daily Trust reports that the Real Estate Developers Association of Nigeria (REDAN) Tuesday  conveyed a stakeholders meeting in  Abuja  to proffer solutions to the problem of collating data for the real estate and housing sector in Nigeria. Stakeholders in attendance included  directors from the Central Bank of Nigeria, the Federal Ministry of Power Works and Housing, the Federal Mortgage Bank ...

Premium Times reports that the Economic and Financial Crimes Commission, EFCC, Ibadan zonal office, on Monday‎ executed the interim order granted by a Federal High Court, Ado-Ekiti, in respect of the property of Teedek Polytechnic, Ilogbo- Ekiti. The institution was allegedly being operated by Johnson Babalola, a former Principal Manager of the Central Bank of Nigeria, CBN, without the requisite ...

The Guardian reports that the Central Bank of Nigeria (CBN) has disbursed N366.39 billion to 465 projects under the Commercial Agriculture Credit Scheme (CACS) from 2009 to date. The Commercial Agriculture Credit Scheme was established to address financing challenges in the entire agriculture value chain: production, processing, storage and marketing or distribution. According to The Guardian, CBN Governor, Godwin Emefiele, made ...

Reports show that immediate past Governor of the Central Bank of Nigeria (CBN) and the Emir of Kano, Muhammadu Sanusi II, supports the sale of government assets to enable it pull the economy out of recession. Sanusi, who spoke in Lagos on Wednesday supported Aliko Dangote and Senate President, Bukola Saraki, who had earlier called on President Muhammadu Buhari to ...

The Central Bank of Nigeria confirmed that two persons, a staff and a construction worker died from the critical injuries sustained in the gas explosion that occurred at the Calabar, Cross River state office of the bank. Isaac Okoroafor, acting corporate affairs director of the bank gave the update, while giving an insight into what happened at the bank. “The ...

The Central Bank of Nigeria on Saturday said it would provide assistance to farmers in Kebbi affected by the recent flooding in the state, to enable them engage in dry season farming. A staff of the bank, Paul Eluhaiwe, who led a delegation of the apex bank to Governor Atiku Bagudu of Kebbi to commiserate with flood victims, said the ...

The federal government plans to double its value-added tax (VAT) and cancel government projects if oil prices continue to slide. Coordinating Minister for the Economy/Minister of Finance, Dr. Ngozi Okonjo-Iweala said this in an interview with The Wall Street Journal. According to OKonjo-Iweala, the country is reviewing some 6,000 ongoing projects to see which will be kept, delayed, or scrapped. ...