NewsExpress advert FCMB banner
CBN to boost business opportunities

By News Express on 07/11/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 414

•CBN Governor Godwin Emefiele
•CBN Governor Godwin Emefiele


The Central Bank of Nigeria (CBN) says it is opening more business opportunities in Nigeria through the National Collateral Registry (NCR).

The bank’s position was made known in Abuja on Monday by its Acting Director, Corporate Communications, Isaac Okorafor, who revealed that soon the NCR would move to the next phase of its mandate of easing business practices in Nigeria. 

According to him, the efforts being put into strengthening the NCR by the CBN were a fallout of the recent World Bank report, which indicated Nigeria’s meteoric rise in the “Ease of Doing Business Index.” The index had rated Nigeria 145th from a previous position of 169th, out of 190 countries.

Okorafor stressed that the bank would do all within its mandate to strengthen the NCR in order to improve Nigeria’s current ranking of sixth on the “Getting Access to Credit” index.

On the role of the bank in ensuring a robust financial sector, he said the reduction of information asymmetry had assisted lenders in making sound decisions on credit solutions and ultimately improved access to credit by Micro, Small and Medium Enterprises (MSMEs).

Since its inception in 2016, the NCR has acted as a catalyst to credit improvement by significantly improving the credit culture in the Nigerian banking system. The NCR equally made it possible for MSMEs to leverage significant portion of their moveable assets as collateral for loans from the financial institutions to grow their businesses.

The activities of the NCR have proved effective in complementing the Anchor Borrowers’ Programme initiative of the bank, which has been embraced by many more states in the country as a tool for job creation and food sufficiency.

Source News Express

Posted 07/11/2017 05:19:40 AM


Share on facebook Yahoo mail icon Gmail icon Share on Google+



REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...


You may also like...
Ibori's daughter, Speaker win PDP primaries in Delta...

Lawyer detained for allegedly talking to President Buhari...

Cameroonian refugees flood Nigeria

North East: Nigerian military liberated over 25 towns...

Crazy Bills: Bayelsa journalists take on Port Harcourt...

Trump, North Korean leader trade tackles over ‘nuclear...

Senate postpones Magu’s screening for confirmation as EFCC...

Suspended SGF appears before Osinbajo Panel

Bayelsans lament government neglect as River Nun overflows...

Anambra poll: Obiano, Chidoka vote

MOSOP calls for end to hostilities in Ogoni...

Nigerian Idol Season 5 hits the screens today,...


Latest News 500 Chinese companies to recruit workers in Anambra Militants give FG ultimatum to reinstate Boroh or face fresh attacks Dapchi Abductions: Military was alerted about Boko Haram operation but failed to act — Amnesty International Imo 2019: Madumere steals show at APC State Executive Council meeting Land Use Charge: Real Estate sector stakeholders hail 50 per cent reduction by Lagos Government Special Report: The travails of Nigeria’s cancer patients •The odds against them Maritime sector has capacity to catalyze economic growth, says NIMASA DG IGP Ibrahim Idris’ order to return firearms suspicious and absurd — Bishop Ezeokafor EFCC re-arraigns Dasuki’s ally over N600m ONSA fraud CPC intervenes for Nigerians as Ford recalls 1.4m vehicles China threatens military and diplomatic action against U.S. Trump seeks death penalty for drug traffickers to curb US opioid abuse


Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (332,456 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (325,136 views) Shameless Genevieve Nnaji exposes breasts in public (260,867 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (214,403 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (198,033 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (192,453 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (167,718 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (150,433 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (143,188 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (133,272 views) Lagos plane crash: Journalist releases victims’ names (132,635 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (125,914 views)


Categories Advertorials (3) African Press Organisation (81) Art & Literature (34) Business & Economy (2,973) Business Verdict (36) Columnists (814) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (455) Features (554) Global Business Monitor (239) International (1,858) Interview (146) Live Commentary (28) Love Matters (114) News (33,751) Opinion (896) Pidgin (10) Politics (4,627) Religion (701) Sports (1,457) Stock Watch (28) AMA & Al Jazeera Global Update





Football Highlight -- BARCELONA - CHELSEA 3:0


APO Group Partner




REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera