Cardoso: Why CBN took market by surprise on interest rate
Bangkok, Thailand: The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has explained why the apex bank’s latest monetary policy decision took the market by surprise, saying the need to correct a faulty monetary policy transmission mechanism, alongside improving macroeconomic conditions, informed the move.
Law Union pays N1.25bn claims in 9 months
Law Union pays N1.25bn claims in 9 months
Ecobank unveils promo on Rapid Transfer Payments
Ecobank Nigeria has announced a one per cent (1%) fee on all Rapid Transfer payments via the Ecobank Mobile app from now through December 31, 2017. This promotion is designed to support citizens who have need to send money to loved ones across Africa during this festive season.
Banks should collaborate with fintechs to improve financial inclusion —CBN
The Central Bank of Nigeria (CBN) has called on banks to collaborate with financial technology companies (Fintechs) to improve level of financial inclusion in the country.
CBN liquidity mop up to persist as N170bn hits interbank
Efforts by the Central Bank of Nigeria (CBN) to mop up idle cash (liquidity) is expected to persist this week, even as N170 billion inflow hit the interbank money market.
CIIN targets additional 3,000 members
CIIN targets additional 3,000 members
