Runsewe commends CBN Governor for Creative Industry Financing Initiative

The director-general of the National Council for Arts and Culture, Otunba Olusegun Runsewe has commended the Central Bank Governor, Mr. Godwin Emiefele for developing a Creative Industry Financing Initiative. Runsewe who gave this commendation in Abuja said that the Initiative will allow Investors in the Creative Industry access loan up to Five hundred million naira (₦500,000,000) with nine percent (9percent) interest rate. He noted that this initiative will greatly boost the Industry and enhance the capacity of key players in the sector to optimize their potential. The NCAC boss added…

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CBN withdraws Skye Bank license

.. Establishes Polaris Bank to assume its assets, liabilities Central Bank of Nigeria, CBN has withdraw the banking license of Skye Bank Plc and established a new bank, Polaris Bank to take over its assets and liabilities. Speaking during a press briefing to announce the withdrawal of Skye Bank licence on Friday September 21, the CBN Governor, Mr. Godwin Emefiele stated that the result of its examinations and forensic audit of the bank has revealed that Skye bank requires urgent recapitalisation as it can no longer continue to live on…

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