By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Ecobank Nigeria is supporting the cashlite initiative of the Central Bank of Nigeria (CBN) with card 4 prizes promo. The Bank in a Statement made available to InvestAdvocate in Lagos Nigeria said the promo is part of efforts in supporting the use of alternative payment […]
Tag: Central Bank of Nigeria
CBN to withdraw N1tn from banks Feb 4
Following the increase of the Cash Reserve Requirement on public sector deposits from 50 per cent to 75 per cent last week by the Monetary Policy Committee, the Central Bank of Nigeria will on February 4 withdraw an estimated sum of N1tn from the Deposit Money Banks when the policy […]
Nigerian Naira Falls to 4-Month Low as Central Bank Lifts Limits
The naira weakened for a fourth day after the central bank in Nigeria removed limits on how many dollars can be sold to foreign-exchange bureaus, driving demand for the U.S. currency. The currency of Africa’s second-biggest economy retreated as much as 1.6 percent to 163.21 per dollar, the lowest on […]
