The Bankers Committee has said Deposit Money Banks in the country have agreed to reduce all bank charges in order to enhance financial inclusion. As a first step, the committee has already endorsed the downward review of the Commission on Turnover charged current account holders from N5 on every N1,000 […]
World News
CBN restricts lending relationships between banks, HoldCo
In a bid to forestall another crisis in the banking sector, the Central Bank of Nigeria has placed restriction on lending relationships between Deposit Money Banks and their holding companies. The Governor, CBN, Mr. Lamido Sanusi, said at an investors’ conference organised by Renaissance Capital in Lagos on Monday that […]
Nigeria naira eases on dollar demand, liquidity
The Nigerian naira eased against the U.S. dollar on the interbank market on Monday, reflecting strong demand for the greenback from importers, traders said. The naira closed at 157.40 to the dollar, weaker than Friday’s close of 157.30 naira. At a foreign exchange auction on Monday, the central bank […]
