CBN pegs interest payments on bank deposits at N2bn
The Central Bank of Nigeria (CBN) has said deposit money banks will no longer receive interest payments on deposits exceeding N2 billion. The CBN in a circular released yesterday said: “Any deposit by a bank in excess of 2 billion naira shall not be remunerated.”ADVERTISEMENT The central bank will pay interest to lenders on qualified …
The CBN in a circular released yesterday said: “Any deposit by a bank in excess of 2 billion naira shall not be remunerated.”
that the decision is meant to encourage the banks to lend more money to the real sector.
“It may also reduce the cost of managing system liquidity for the CBN as the apex bank will now have access to more funds from the banking system at no cost than before.’’
Read more: Daily Trust
Reps to probe alleged secret recruitments in NNPC, CBN, others – Daily TrustThe House of Representatives on Wednesday resolved to probe alleged clandestine recruitments in some Ministries, Departments and Agencies (MDAs), specifically the Nigerian National Petroleum Corporation (NNPC), the Central Bank of Nigeria (CBN), among others. Medicine after death I bet you, this is the first & last we will hear about this issue because Nobody will be probe & penalized if found wanting. This is Nigeria. If you guys do this and end up taking appropriate action, Nigerians with no connections will be proud HouseNGR femigbaja 🙏🏽
CBN releases N35.9b for agric credit scheme – The Nation NewspaperThe Central Bank of Nigeria (CBN) has released N35.9 billion for 166 projects under the Commercial Agriculture Credit Scheme.CBN Governor, Godwin Emefiele CBN should publish names of the beneficiary of the billions given to the farmers this is a huge scam by federal govt and CBN billions are announced yr in & out to have been loaned to farmers but still cost of food items increases huge fraud is going we that needed loan to go into cassava plantation to improve locally consume food can’t access loan for yrs now still this
CBN and textile industry revival | The Guardian Nigeria News – Nigeria and World NewsThe Central Bank of Nigeria’s (CBN’s) recent strategic move to revive and grow Nigeria’s cotton, textile and garments economic sector and to improve domestic production of cotton from about 80,000 tonnes in 2018 to 300,000 tonnes by 2020, is one of the economic news items that should not be ignored. The policy instrument is aimed …
APC pegs N22.5m for Kogi, Bayelsa gov’ship forms – Daily TrustThe ruling All Progressives Congress (APC) has fixed N22.5 million for nomination and expression of interest forms for the November 16 governorship elections in Kogi and Bayelsa states. The APC National Organising Secretary, Barr. Emma Ibediro, who announced this, yesterday in Abuja, when he released the time-table and schedule of activities for the conduct of … So when he finally becomes a governor you expect him to take care of the people after paying this money? Politics is a scam in this country, it’s all selfish interest at the end of the day.