The nation’s interbank lending rates eased to an average of 10.37 per cent last week, compared with 10.62 per cent the previous week, with markets expecting a liquidity boost from monthly government budgetary disbursement. Traders said though market liquidity was hit by large cash outflows to bond auction and open […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE) – The Central Bank of Nigeria (CBN) on Friday announced incentives to encourage electronic payments (e-payments) in Nigeria according Dipo Fatokun, director, banking and payments system department in circular dated September 18, 2014. The circular entitled ‘’Electronic Payments Incentives Scheme and Awareness Campaign’’ said […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Friday issued a June 2015 deadline to customers of Deposit Money Banks (DMBs) on the Bank Verification Number (BVN) project, according to a circular signed by Dipo Fatokun, director, banking and payments system department. ‘’That by June 2015, […]