Court dismisses case against CBN’s directives on bank charges
The Federal High Court sitting in Abeokuta, Ogun State capital, has dismissed a suit instituted by a legal practitioner, Olumide Babalola, challenging the Central Bank of Nigeria, CBN's policy on current account maintenance fee contained in the Guide to the Charges by Banks and other financial Institutions of January 2020.
CBN retains interest rate at 11.5% – Report
The monetary policy committee of the Central Bank of Nigeria (CBN) on Tuesday unanimously voted to retain the monetary policy rate (MPR), which determines interest rate, at 11.5 percent. TheCable reported that Godwin Emefiele, governor of the CBN, announced the committee’s decision at the end of its two-day meeting. READ ALSO: APC government behind disunity […]
MINDING THE GAPS: As CBN gets set to disburse N75bn youth fund
By Emeka Anaeto, Business Editor The key focus of Nigeria’s public policy executives at this time is, exiting recession as quickly as possible; and there seems to be a consensus around this focal point across even political and policy divides. Given the impact of COVID-19 on key macroeconomic variables, fiscal and monetary authorities took unprecedented […]
CBN disburses N1.8trn for developmentt financing
By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, said it disbursed N1.79 trillion for financing development in nine schemes from January to September 2020. This is contained in the apex bank’s October 2020 Economic Report released last weekend. Analysis of the report shows that out of the amount disbursed, N1.19 billion was deployed to […]
Revised cheque book becomes fully operational April 1, says CBN
The CBN has advised all Deposit Money Banks (DMBs) accredited Cheque Printers/Personalised, and the Nigeria Interbank Settlement System (NIBSS), to enlighten their customers on the revised cheque book, introduced across all banks.
Food Security: Stakeholders offer opposing views on benefits of border re-opening
The Central Bank of Nigeria has in recent years come up with different programmes to grow the country’s agriculture and ensre food security in the country. One of such programmes is the Anchor Borrowers’ Programme.
