Foreign direct investment inflows into the country dropped from $1.46bn in the second quarter to $0.86bn in the third quarter of last year, according to the External Sector Development third quarter report released by the Central Bank of Nigeria on Tuesday. The development represented a 41.4 per cent fall in […]
Tag: Central Bank of Nigeria
Bank workers live in fear as job losses continue
The wave of sacking that characterised the banking sector a couple of years back has not abated as the axes are dangling on more workers, ADEMOLA ALAWIYE writes Indications have emerged that more bank workers will lose their jobs in 2014 following cost-cutting measures about to be introduced by the […]
75% CRR: CBN Withdraws N1tr Public Sector Funds From Banks Today
Banks may fire workers The Central Bank of Nigeria (CBN) will, from today, start withdrawing over one trillion naira (N1 trillion) public sector fund from deposit money banks as part of its new Cash Reserve Requirement policy. The new policy which called for the withdrawal of 75 per cent public […]
