The CBN revealed during the MPC meeting that the total credit to the economy rose to N19.54tn as of the end of November 13.
Emefiele has said that the parallel market is a tainted market where illegal foreign exchange transactions take place.
Information gathered by Nairametrics reveals about 17 banks had their vaults debited by the apex bank in CRR sequesters.
The document stated that the credit was stimulated by the policy on Loan-to-Deposit Ratio (LDR).
This entity will be co-owned by the CBN, AFC and the NSIA.
This is seen as part of measures by the apex bank to curb the rise in non-performing loans.
The CBN’s disposition remains biased towards supporting economic growth.
With an unassuming personality, Godwin Emefiele controls the monetary policies of Nigeria and on his judgment, depends the economic destiny for Nigeria.
Central Bank of Nigeria's monetary policy committee has disclosed that banks have created about new N2 trillion loans in the last six months. The apex bank...
At the end of the first MPC meeting for the year, which was concluded on 24 January, the committee decided to hike the CRR by 5%...