Implementation of cashless policy is in public interest–Emefiele
By Mustapha Sumaila, Abuja Mr. Godwin Emefiele the Governor of Central Bank of Nigeria (CBN) says the implementation of cashless policy in six states of the federation is in public interest to promote an efficient payment system. Emefiele stated this while fielding questions from journalists after the Monetary Policy Committee meeting held in Abuja […]
CBN injects $210m into forex market
The Central Bank of Nigeria (CBN) has injected 210 million U.S. dollars into interbank segment of the Foreign Exchange Market following sales concluded on Tuesday.
CBN’s economic diversification gains traction with private sector
There are indications that the Central Bank of Nigeria, CBN, championed economic diversification efforts may have gained private sector lead and already on self sustaining range as the intervention funds beneficiaries begin to repay the loans.
CBN to intensify liquidity mop up as N553.8bn hits interbank market
THE Central Bank of Nigeria, CBN, will this week intensify its liquidity mop up activities in response to inflow of N553.8 billion into the interbank money market.
Group urges CBN to extend deadline for mutilated notes return
Consumer Awareness and Financial Enlightenment Initiative (CAFEi), has urged the Central Bank of Nigeria (CBN) to extend deadline for the exchange of multilated naira notes by another four months.
Experts commend CBN’s proposed policy for loan defaulters to forfeit deposits in other banks
Financial experts say Central Bank of Nigeria’s (CBN) proposed policy that will ensure that loan defaulters forfeit their deposits in others banks is commendable.
Customers will continue to return dirtynaira notes to banks after Sept.2 — CBN
The Central Bank of Nigeria (CBN) on Saturday said that the general public would continue to return mutilated bank notes to their banks after the Sept. 2 deadline.
Customers will continue to return mutilated notes to banks after Sept.2 — CBN
The Central Bank of Nigeria (CBN) on Saturday said that the general public would continue to return mutilated banknotes to their banks after the Sept. 2 deadline.
U.S. Company partners CBN, farmers to export cassava to Europe, America
Shine Bridge Global (SBG) a U.S.-based company says it is determined to partner with Nigerian agribusinesses and regulatory agencies to improve cassava production and processing in Nigeria.
Will CBN’s lending initiative create desired outcome?
The real challenge to credit creation has been an under-developed identity management system
Coronation Reasearch Weekly Update:Market interest rates back up
The Central Bank of Nigeria (CBN) has been promoting pro-growth strategies recently, while letting market interest rates fall to a shade over the inflation rate. The problem with this strategy is that the market might question the CBN’s determination to hold the exchange rate, even with its high levels of foreign reserves. Market interest rates […]
