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 […]

By Olubukola Aiyedogbon, Ilorin Residents of Ilorin, capital of Kwara have expressed concern over the charges on deposits by the Central Bank of Nigeria. Some of them who spoke with the News Agency of Nigeria (NAN) in Ilorin on Friday said that it is was nothing but extortion by the apex bank. Mrs. Adejumoke Olumuyiwa, […]

As reactions continue to mount following the announcement by the Central Bank of Nigeria  (CBN) on cashless policy, the apex bank has given more insight into the mode of operation on the policy. With fears and tension, which apparently, was as a result of misinterpretation of the CBN announcement on cashless policy, the CBN, on […]

By Victor Young Organized Private Sector, OPS, has warned against immediate deployment of cashless policy as directed by the Central Bank of Nigeria, CBN, saying “the current business environment and available infrastructures are not ready for such deployment.”   Speaking through Nigeria Employers’ Consultative Association, NECA, OPS contended that several sub-sectors of the economy would […]

The Central Bank of Nigeria (CBN) will support and integrate smallholders, subsistent and nomadic herdsmen through its Anchor Borrowers Programme (ABP) to boost livestock production. The CBN Governor, Mr Godwin Emefiele, disclosed this at the briefing of some State Governors on the feat recorded in the agriculture sector in Abuja on Thursday. Emefiele decried Nigeria’s […]