News Formal

Hardship: CBN plans transfer of N5.5tn to Finance Ministry, DFIs

  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 25 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 59%

CBN 뉴스

Finance Ministry

The Central Bank of Nigeria, CBN, will transfer N5.5 trillion for development activities to the Ministry of Finance, Development Finance Institutions (DFIs) amid its restructuring plan.

The Central Bank of Nigeria, CBN, will transfer N5.5 trillion for development activities to the Ministry of Finance, Development Finance Institutions amid its restructuring plan. According to a new report, this move aligns with the recommendations from the International Monetary Fund, IMF, on the need for the CBN to streamline its economic policies and focus on core central banking functions. 'The CBN's decision to phase out its development finance activities is welcome.

'An orderly portfolio transfer is key to avoiding interruption of credit flows to agriculture and small and medium enterprises. Undercapitalized financial institutions should not be eligible to absorb CBN's portfolio', the report read. Under the new strategy, the CBN will gradually phase out its direct involvement in development financing, which historically included lending concessional terms to sectors like agriculture and small and medium-sized enterprises .

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 11. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Tinubu’s government has not borrowed from CBN — Finance MinisterThe Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the Tinubu-led Federal Government has not borrowed money from the Central Bank of Nigeria, CBN.
출처: DailyPostNGR - 🏆 11. / 59 더 많은 것을 읽으십시오 »

El-Rufai probe: Kaduna Assembly seeks vital documents from Finance Ministry, MDAsThe Nation Newspaper El-Rufai probe: Kaduna Assembly seeks vital documents from Finance Ministry, MDAs
출처: TheNationNews - 🏆 6. / 69 더 많은 것을 읽으십시오 »

Kaduna assembly asks finance ministry to provide details of loans obtained by el-RufaiThe Kaduna house of assembly has asked the state ministry of finance to provide details of the loans obtained by Nasir el-Rufai.
출처: thecableng - 🏆 2. / 80 더 많은 것을 읽으십시오 »

El-Rufai probe: Kaduna Assembly writes Finance Ministry, MDAsThe Nation Newspaper El-Rufai probe: Kaduna Assembly writes Finance Ministry, MDAs
출처: TheNationNews - 🏆 6. / 69 더 많은 것을 읽으십시오 »