Tag: Central Bank of Nigeria
Banks to increase CBN deposit as MPC raises CRR to 27.5%
Deposit money banks in the country would have to increase their cash reserves with the Central Bank of…
Buhari nominates IMF executive director as CBN deputy gov
President Muhammadu Buhari has nominated Kingsley Obiora as the new deputy governor of the Central Bank of Nigeria…
CBN announces banks’ minimum loan deposit ratio
The Central Bank of Nigeria (CBN) said on Wednesday it has retained the minimum 65 percent Loan Deposit…
ALERT: From March 31, DisCos won’t accept cash payment for electricity bills
Electricity Distribution Companies (DisCos) have been orderes by the federal government to adopt electronic platforms for the payment…
CBN asks customers to reject N50 PoS fee
The Central Bank of Nigeria (CBN) has asked bank customers not to pay N50 charge to businesses for…
Emefiele attributes Nigeria’s economic growth to CBN’s policy measures
Dr Godwin Emefiele the Governor of Central Bank of Nigeria (CBN), has attributed the country’s economic growth to…
Court freezes 45 Nigerian bank accounts for ‘illegal’ rice smuggling
No fewer than 45 bank accounts belonging to three companies allegedly involved in smuggling of rice into Nigeria…
Abandoned NIPOST Offices in 774 LGs to Serve as CBN Microfinance Banks
The Central Bank of Nigeria (CBN) has announced that abandoned offices of the Nigerian Postal Service (NIPOST) across…
CBN order on cash deposit may be revised
There are indications that the Central Bank of Nigeria (CBN) may revisit the new policy regime on cash…
How ex-PDP gov’s deal with Buhari’s men went awry
A former Peoples Democratic Party (PDP) governor in one of the northern states is biting his finger after…
Nigerian still cash-based economy
THE Deputy Managing Director, eTranzact International Plc, Hakeem Adeniji-Adele, has said Nigeria is still a cash-based economy. He…
Banks reject costly deposits over CBN’s policy
Inspite of the countdown to the Central Bank of Nigeria (CBN) policy mandating banks to give out at…