CBN releases categorisation for payment system
The Central Bank of Nigeria (CBN), in line with its commitment to promote a strong and credible payment system, has approved new license categorisations for the payments system. A circular signed by Mr Musa Jimoh, Director, Payments System Management Department of the apex bank, states that the new framework offers clarity for new and existing […]
LCCI advises CBN on tackling inflation
The Lagos Chamber of Commerce and Industry (LCCI) have urged the Central Bank of Nigeria (CBN) to address the supply side variables impacting domestic prices.
Civil Society Coalition hails CBN over intervention initiatives
Call for more advocacy, interventions By Gabriel Ewepu – Abuja The Coalition of Civil Society, on Monday, hailed the Central Bank of Nigeria, CBN, over intervention initiatives geared towards boosting economic activities to create employment and wealth among Nigerians under the Buhari-led administration. This was stated by the National President, Coalition of Civil Societies, Comrade […]
CBN’s policy blocks banks, investors from N622bn illegal earnings
The new Treasury Bills policy of the Central Bank of Nigeria, CBN, has effectively obstructed about N622 billion interest earnings that would have accrued to banks and other individual and corporate investors in the money market.
Loan-to-Deposit Ratio: CBN counts success as policy clocks one year
There are indications that the current Loan-to-Deposit Ratio, LDR, policy of the Central Bank of Nigeria, CBN, is turning positive despite the macroeconomic adversities arising from the impact of Coronavirus (COVID-19) Pandemic. LDR stipulates the volume of loans a bank must give out as a percentage of its total deposit, and in this policy the loan volume is stipulated at a minimum of 65 percent of the total deposit.
Ministry of Mines debunks claims over alleged sale of gold by Gov Mattawale to CBN
By Gabriel Ewepu – Abuja The Ministry of Mines and Steel Development, Thursday, debunked claims over the alleged sale of gold by the Governor of Zamfara State, Bello Matawalle, to the Central Bank of Nigeria, CBN. This was contained in a statement signed by the Head of Press and Public Relations, Ministry of Mines and […]
