Inter-bank lending rates climbed to an average of 16.33 per cent on Friday, compared with 13.5 per cent last week, on the back of cash withdrawals by the Nigerian National Petroleum Corporation and foreign exchange purchases. Reuters reported that The market opened with a negative balance of N42bn ($266.08m) on […]
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IFC to support CIBN’s corporate governance drive
The Chartered Institute of Bankers of Nigeria has unveiled a new partnership with the International Finance Corporation, the private sector arm of the World Bank, in its ongoing drive towards enhancing corporate governance in the banking sector. Giving the hint in his welcome address at the opening session of the […]
Phased cash-less policy implementation may be delayed
The Central Bank of Nigeria has said the planned implementation of its cash-less policy outside Lagos State in stages may be delayed further. The CBN Deputy Governor in charge of operations, Dr. Tunde Lemo, said this during a seminar, titled, ‘Embracing Federal Government’s Financial Sector Reforms for the Rapid Transformation […]
