Some people want us to go back era where CBN’s vaults were ajar – Keyamo
Lawyer and Senior Advocate of Nigeria (SAN), Festus Keyamo, has lamented that it is only in Nigeria that the court will issue a public notice for people who own properties to come out and claim them and they will not show up questioning why do some Nigerians want us to go back to the era where the Central Bank of Nigeria's vaults were perpetually opened.
CBN’s policy rates and economic recovery
THE outcome of the recent 2017 fifth Monetary Policy Committee, MPC, meeting of the Central Bank of Nigeria, CBN, was not surprising. The Committee voted to leave all policy rates unchanged (by a vote of six to one), with the Monetary Policy Rate, MPR, at 14%, the Cash Reserve Ratio, CRR, at 22.5% and Liquidity Ratio at 30%.
Scarcity of funds to intensify as CBN mop-ups N422bn
The interbank money market is expected to experience intense scarcity of funds this week following the liquidity mop up of N422 billion by the Central Bank of Nigeria (CBN) last week.
Imo Assembly tasks CBN on ATM queues
Owerri—Imo State House of Assembly has called on managers of banking institutions in the state to quickly address the incessant long queues experienced by bank customers while trying to use the Automated Teller Machines, ATMs.
CBN recovers N50bn banks’ excessive charges
ABUJA—EFFORTS to ensure Deposit Money Banks, DMBs, play by the rules are yielding significant results as the Central Bank of Nigeria, CBN, has recovered over N50 billion excessive charges.
CBN denies arrest of deputy governor
Central Bank of Nigeria (CBN) has denied that one of its directors had been arrested by the Economic and Financial Crimes Commission (EFCC).
