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CBN
The CBN has refuted allegations that it plans to nationalise Unity Bank Plc.
Nigeria needs supply, the foreign exchange market needs liquidity, Nigerians need dollars.
As global risk aversion eases, foreign investors’ interest in risky assets in emerging economies should improve.
In the banking system, liquidity is often referred to as the ability to fund increases in assets and...
The CBN has announced an increase in the amount of foreign exchange allocated to banks to meet the requests of customers.
The CBN has said that financial institutions will now consider sustainable banking principles when lending.
Hoarders are creating an artificial scarcity of the greenback within the market to cause more woes for the local currency.
The CBN will be working with associations that have repaid at least 70% of their existing loans to cultivate about 80,000 hectares of land.
While the cost of funds to banks was declining, the lending rate to customers was on the rise, a signal of exploitation by banks.
The CBN has stated that Nigeria imports over $580 million worth of cassava by-products annually.
During the monetary council meeting held today, the CBN governor stated that most cryptocurrency transactions are illegitimate.
CBN governor, Godwin Emefiele has assured Nigerians that digital currencies will have a place in the country.