The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, has said that the bank remains committed to achieving the vision of providing Nigeria with a secure, robust and accessible payment infrastructure. A statement from the website of the bank on Friday quoted Sanusi as saying that the bank had taken […]
Tag: Central Bank of Nigeria
Six states, FCT control 90% of cash transactions
The Central Bank of Nigeria has said that Lagos State, five other and the Federal Capital Territory control about 90 per cent of cash transactions in the country. The other states, according to the apex bank, are Rivers, Anambra, Abia, Kano, Ogun. The Deputy Governor, Operations, CBN, Mr. Tunde Lemo, […]
Nigeria’s Central Bank Retains Rate at 12%
The Committee’s Decisions The Committee considered and acknowledged the merits of option 1 but rejected it as being premature in view of the potential risk factors in the horizon posed by recent developments which would necessitate increased fiscal expenditure in the short-to-medium term, resulting in a resurgence of inflationary pressures. […]
