COVID-19: CBN suspends cheque clearing
Babajide Komolafe The Central Bank of Nigeria (CBN) on Monday suspended the clearing of cheques until further notice. The decision, the apex court said was due to the government’s restriction of movement in Lagos Abuja and Ogun and the need to ensure hitch-free clearing and settlement activities. The Director of Banking Services at CBN, […]
Private sector operators differ on impact of CBN’s Covid-19 stimulus
Stakeholders in the organised private sector (OPS) have expressed divergent views on the use monetary intervention to mitigate the impact of the global Coronavirus (Covid-19) pandemic on businesses in Nigeria.
(Breaking) COVID-19: CBN to inject N1trn in additional measures to stimulate economy
The Central Bank of Nigeria (CBN) Wednesday announced additional measures to address the possible impact of the Covid-19 virus on the economy, including injection of N1 trillion across all critical sectors of the economy.
Coronavirus, CBN and Nigerian farmers
WITH the reported slump in oil prices due to Coronavirus plaguing the world today, many are already scared that the forecast for Nigeria’s 2020 growth might nose dive as it is projected a fall in oil prices will quicken depreciation of the Nigerian currency amid rising external debt.
Organised labour lauds CBN’s 5-year policy thrust
The Vice-President of the Industrial Global Union, Comrade Isa Aremu, has commended the Central Bank of Nigeria (CBN) for promoting financial literacy and its efforts to create employment and engender economic prosperity for Nigerians. Comrade Aremu made the commendation at a one-day interactive session with members of the Organised Labour and stakeholders on the five-year […]
Financial inclusion policy: CBN reiterates commitment to achieving 95% coverage
Uyo—THE Central Bank of Nigeria, CBN, has reiterated its commitment and determination to achieve 95 percent coverage in financial inclusion in the country planned from 2019 to 2024.
