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Working the New Normal in the Time of a Pandemic

Monday, January 11, 2021   /05:45 PM / By Proshare Research/ Header Image Credit: EcoGraphics Executive Summary - O&G: Managing a Transition Mindset   Always expect the unexpected. The oil and gas industry is terrible at predicting anything. Always have a back-up plan.      –David Dixon   The O&G business is in a period of transition as executives […]

As Emefiele focuses on economic recovery, by Jackson Ugbechie –

Godwin Emefiele, the Governor of Central Bank of Nigeria, has his job cut out in 2021. With an economy steeped in recession courtesy of COVID-19 pandemic and the #EndSARS protests, which was turned to a vehicle for destruction by hoodlums, what is needed now is the courage to act. Emefiele must take certain actions to […]

Nigeria: Striving Towards the Essence of the Free Market, By Olamide Eyinla

Time has shown us that the free market provides the best outcomes, with periodic interventions from the government to adjust the market, where need be, when acting as the “unseen hand”. If this hand is seen, it takes away the confidence that the market needs to show for more players to trust it. There has […]

Moghalu Reveals Those Who Destroyed Nigeria’s Economy

A former Deputy Governor of the Central Bank of Nigeria (CBN), Professor Kingsley Moghalu, has revealed those who destroyed the Nigerian economy. Moghalu, who was a guest on ARISE News on Monday, said some highly influential persons, politically connected individuals, and politicians are responsible for the collapse of the country’s economy. The former presidential candidate […]

Nigeria’s External Reserves Hits $36b, Highest In 12 Months – The Source Magazine

By Fola James Nigeria’s external reserve has risen to close to $36 billion according to latest figures released by the Central Bank of Nigeria, CBN last week. The apex bank said at the week end that the reserves rose by $461 million to $35.834 billion, the highest in six months after it plunged to an […]

Nigeria’s interbank market rates soar after CBN hits banks with N600 bln CRR debits

By Samuel Bankole   Nigeria’s interbank rates climbed more than 800 basis points last week after the Central Bank of Nigeria (CBN) hit bank vaults with N600 billion in compliance with the Cash Reserves Requirements (CRR), traders said. Traders said the market had opened at over N1trillion positive on Friday before the regulatory bank sent […]

Interbank market in shock as CBN sequesters N600bn

There was significant chaos in the interbank space as the Central Bank of Nigeria (CBN) freeze the market with a debit of over N600billion in Cash Reserve Requirement (CRR) at the close of the week. This created scarcity of funds and pushed rates high in the market. By the CRR policy, banks have a mandate […]

CRR: Interbank market in shock as CBN sequesters N600bn

There was significant chaos in the interbank space as the Central Bank of Nigeria (CBN) freeze the market with a debit of over N600billion in Cash Reserve Requirement (CRR) at the close of the week. This created scarcity of funds and pushed rates high in the market. By the CRR policy, banks have a mandate […]

Agsmeis nairaland

Jan 06, 2021 · CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday – Business (183) – Nairaland. “Dear Nairalanders, after HiTV succeeded …

Excess liquidity: CBN hits banks with a CRR debit of $ 600 billion

CBN • Foreign reserves increase $ 461 million in 4 days By Babajide Komolafe Nigeria’s central bank (CBN) hit the banking system with a N600 billion debit cash reserve ratio (CRR) on Friday in an attempt to combat idle cash (excess liquidity) in the interbank money market. Financial investigations revealed that excess liquidity in the […]

Naira Currency in circulation hit N2.9tn in 2020 – CBN

The CBN said as a result of its monetary policy actions, the reserve money grew moderately as of end-September 2020. In its third-quarter economic …

Excess liquidity: CBN hits banks with N600bn CRR debit

CBN •External reserves gains $461m in 4days By Babajide Komolafe The Central bank of Nigeria (CBN) on Friday hit the banking system with N600 billion Cash Reserve Ratio (CRR) debit in a bid to combat idle cash (excess liquidity) in the interbank money market. Financial Vanguard investigations revealed that excess liquidity in the banking system, which […]

Naira Appreciates Against the USD at Investors and Exporters Window…

The NGN/USD closed flat at N380.69/USD at the Interbank Foreign Exchange marketamid weekly injections of USD210 million by CBN intothe forex …

Www inksnation io pinkoin

Cbn claim Bitcoin can be misused to stick out. … an interesting middle 1 pinkoin to naira advised that The whole reality to Cbn claim Bitcoin – Really?