The nation’s external reserves have dropped to a record one-year low of $44.1bn, according to the latest data from the Central Bank of Nigeria. The statistics also indicated that the reserves had fallen by $3bn between August 14 and December 17. It was on December 28, 2012 that the reserves […]
Tag: Central Bank of Nigeria
Banking reforms: More pains, less relief for customers
Following various initiatives carried out by the Central Bank of Nigeria to turn the country’s financial space around, the vision of the financial watchdog appears to be a mirage as the 22 million Nigerian adults with bank accounts still have reservations about the system, ADEMOLA ALAWIYE writes The sight was […]
Banks promise higher lending in 2014
Deposit Money Banks have pledged to boost lending to the nation’s economic sectors in 2014 as part of plans to ensure macro-economic stability in the year. The banks took the position at the fifth Bankers Committee retreat held recently. A communiqué issued after the retreat, which was obtained on Monday, […]
