ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports business
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Healthconomy
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly
No Result
View All Result
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports business
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Healthconomy
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Finance

CBN: N3.7trn Out of N9trn Intervention Funds Recovered, N5trn Not Due

Business 360 by Business 360
September 29, 2022
in Finance
0
Foreign Currency: Inflows dropped to $1.83bn in 2020, Year of COVID – CBN

The Central Bank of Nigeria (CBN) yesterday clarified that out of the N9 trillion interventions it had disbursed in critical sectors of the economy, about N3.7 trillion had so far been repaid by beneficiaries while the about N5 trillion was not yet due for recovery.

The revelation by the central bank came just as various stakeholders in the Nigerian power sector lauded the CBN’s recent N120 billion intervention to close the wide electricity metering gap in the country.

The bank explained that most of its interventions were still under moratorium. It also explained that its Tuesday’s decision to raise the benchmark interest rate by 150 basis points to 15.5 per cent, was not “textbook economics,” as but was informed by reality and the peculiarity of the domestic economy.

The CBN at the 287th meeting of its Monetary Policy Committee (MPC) had raised the Monetary Policy Rate (MPR) otherwise known as interest rate 15.5 per cent from 14 per cent, and also increased banks’ Cash Reserve Requirement (CRR) by 750 basis points to a minimum of 32.5 per cent from 27.5 per cent in order to aggressively tackle rising inflation as well as mop-up excess liquidity from banks’ vault to discourage speculative attacks on the Naira.

Previous Post

Business Facilitation Bill 2022 scales 2nd reading at NASS

Next Post

NCC warns as Lenovo uncovers vulnerability

Business 360

Business 360

Next Post
Unsolicited SMS: MTN, Airtel, others get final warning

NCC warns as Lenovo uncovers vulnerability

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

October 21, 2020
SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

September 21, 2020
COVID-19: Churches comply with strict measures as worship centres reopen in Lagos

COVID-19: Churches comply with strict measures as worship centres reopen in Lagos

August 10, 2020
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
Apex bank to restore fees on National Collateral Registry, Informal sector workers get pension accounts

CBN Directs Suspension of Transactions on Unverified Accounts Without BVN or NIN

December 5, 2023
Nigeria Receives Largest Vessel With 2000 Containers, 2,500 Vehicles

Nigeria Receives Largest Vessel With 2000 Containers, 2,500 Vehicles

December 5, 2023
FG Moves To Stop $10bn Capital Flight In Welding Industry

FG Moves To Stop $10bn Capital Flight In Welding Industry

December 5, 2023
Nigeria Signs MOU for 1 GW Solar PV Manufacturing Plant at COP28

Nigeria Signs MOU for 1 GW Solar PV Manufacturing Plant at COP28

December 5, 2023
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • AI
  • Art
  • Arts
  • Aviation
  • Blockchain
  • Business 360 Weekly
  • Business Travels
  • Capital Market
  • Corporate
  • Destination Business
  • Economy
  • Education
  • Electric Vehicles
  • Electricty
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • Fashion
  • Fashion
  • Finance
  • Gas
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • News
  • NGOs
  • Oil
  • Petrol
  • Political Economy
  • Real Estate
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tax
  • Tech
  • Tourism
  • Transportation
  • Uncategorized
  • World

Recent News

Apex bank to restore fees on National Collateral Registry, Informal sector workers get pension accounts

CBN Directs Suspension of Transactions on Unverified Accounts Without BVN or NIN

December 5, 2023
Nigeria Receives Largest Vessel With 2000 Containers, 2,500 Vehicles

Nigeria Receives Largest Vessel With 2000 Containers, 2,500 Vehicles

December 5, 2023
  • Africa
  • World
  • Our Shows

© 2022 Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports business
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Healthconomy
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly

© 2022 Business 360 News - Business, Finance And SMEs News | Design by Manifest!