Access to Finance News
The interest rate was reduced to 14 percent from 15.5 percent.
This is CBN's first wholesale intervention to relieve the pressure on accessing foreign exchange.
Barclays was listed in currency rigging report by the Competition Commission.
The move is to avoid continuous surge in bad loans.
This resolution was made to address dollar shortages at the official markets.
The agreement will boost trade finance in Africa.
This call was made during the Afreximbank’s sensitisation seminar on “Model Law on Factoring” in Nairobi, Kenya last weekend.
The law will allow clients to use movable assets as security to access credit.
The initiative will cover more than 250 DFS providers with a focus on francophone markets in WAEMU region.
Farmers default over N$500 million which is the highest ever.