The Central Bank of Nigeria said on Thursday that it would introduce a single N5,000 note and reduce existing N5, N10 and N20 notes to coins by early 2013. CBN Governor, Lamido Sanusi, who made this known at a news conference in Abuja, said the notes and coins were being […]
Tag: Central Bank of Nigeria
Cash-less policy: Bank officials ignore penalty charges
A week after the revelation by the Central Bank of Nigeria that some banks were circumventing the cash-less policy, our correspondent has gathered that senior officials of banks are indeed aiding big-time customers to evade charges on deposits and withdrawals above the minimum limits so that the customers will retain […]
CBN measures can’t reduce inflation significantly – Analysts
Financial analysts have said that the monetary policy measures by the Central Bank of Nigeria cannot reduce the inflation rate to a single digit. This is coming after the release of the July inflation rate by the National Bureau of Statistics Analysts at First Security Discount House, in their weekly […]
