Archives for MONEY MARKET - Page 60
NDIC Boss In Discussion With Hon. Minister of Finance and Coordinating Minister of Economy, Mr. Wale Edun
MD/CEO, Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan in a discussion with the Hon. Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, at the end…
Cash shortage: Bank borrowing from CBN hits N12tn
Banks There are indications that commercial banks and merchant banks are increasingly depending on the Central Bank of Nigeria for liquidity as their borrowing from the apex bank has intensified…
CBN loan to manufacturers, power firms rise to N5.6tn
MAN logo The Central Bank of Nigeria's intervention in the power, manufacturing and aviation sectors has risen to in three years, according to findings by The PUNCH. The soft loans…
CBN Brings Back BDC, Introduces New Operational Mechanism
In a significant shift that marks the re-entry of Bureaus de Change (BDCs) into the country’s foreign exchange market, the Central Bank of Nigeria (CBN) has unveiled a series of…
Currency in circulation falls to N2.59tr
The amount of currency in circulation in the country dropped from at the end of June 2023 to trillion at the end of July 2023. The last time the currency…
Ecobank To Promote Ease Of Cross-Border Business Via Foreign Currency Transfer On Mobile, Omnilite Apps”
By Ngozi Onyeakusi---Ecobank has reiterated that the introduction of Foreign Currency transfer on Ecobank Mobile and Omnilite app is to promote and facilitate ease of cross-border business and financial transactions,…
Payment System Stakeholders To Discuss Digital Infrastructure At FICAN Confab
By Ngozi Onyeakusi---In view of the challenges that emerged from the electronic payment system in the first quarter of 2023, stakeholders are set to provide solutions in line with Nigeria's…
Economist warns against corruption in implementation of presidential palliatives
...Says tax reform committee will create new revenue ideas Chief Marcel Okeke By Ngozi Onyeakusi---An economist, Mr. Marcel Okeke has warned that corruption could derail President Bola Ahmed Tinubu's…
Banks Barred From Dismissing Loans Granted To Directors
Banks By Ngozi Onyeakusi---The Central Bank of Nigeria (CBN) has issued a directive stopping banks from writing off loans extended to their directors and associates without its approval. The directive…
CBN set to name, shame banks involved in forex round tripping
By Ngozi Onyeakusi---Central Bank of Nigeria CBN said it has resolved to name and shame bank involved in foreign exchange round tripping. The apex bank said this while reacting to…
