CBN doesn’t plan to stop the Anchors Borrowers Programme
The CBN has given a total of N1.01 trillion to over 4.21 million smallholder farmers producing 21 commodities
The CBN has given a total of N1.01 trillion to over 4.21 million smallholder farmers producing 21 commodities
However, he reiterated that the current currency would remain legal tender alongside the new Notes until January 31, 2023.
Emefiele suggested that Nigerians should start carrying N50 around and use electronic banking for large transactions
The further tightening stance will help restore investor sentiment while curbing the rising rate of inflation.
In October, the apex bank announced that it would redesign the N200, N500, and N1,000 notes.
Our in-house analysts expect a hawkish stance albeit between 50bps and 100bps
Sokoto, Bayelsa and Jigawa States led the list of Nigerian states with the highest multi-dimensional poverty index
The total amount of currency outside of Nigerian banks rose by N1 trillion to a whopping N2.8 trillion as of ...
Delays in the redesign caused 80% of the currency in circulation to be outside the bank
He also reiterated that the new and existing currencies would remain legal tender and will be circulated alongside each other ...