By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has named four (4) local firms accredited to print cheques in Nigeria following an accreditation exercise it conducted. This is contained in a circular with reference number BPS/DIR/GEN/CIR/02/033 dated December 04, 2014 and signed by Dipo Fatokun, director, banking […]
Money Market
CBN Withdraws N300 Billion from Circulation to Support Naira
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigerian (CBN) on Friday said it has withdrawn N300 billion from circulation to support the naira hit by falling oil prices, a Reuters report said. According to the report, this is coming on the heels of Nigeria’s overnight rate spiked to […]
Banks get January deadline to reduce non-performing loans
Rising non-performing loans in the books of Deposit Money Banks have forced the Central Bank of Nigeria to issue a January 2015 deadline to lenders, asking them to reduce their toxic assets or face severe penalties, findings by our correspondent have shown. Sources at the CBN and banks, who confirmed […]
