Union Bank Plc is said to be the latest bank making moves to comply with the Central Bank of Nigeria’s (CBN’s) Regulation No. 3 on “The Scope of Banking Activities and Ancillary Matters.†The board of directors of the bank is deliberating on the bank’s compliance plan. A source at […]
Tag: Central Bank of Nigeria
CBN mops up N4tn from circulation
The Central Bank of Nigeria has mopped up over N4tn from the system since the beginning of the year, a report has shown. According to a report obtained from the Financial Derivative Company Limited on Thursday, the amount mopped up represents 25 per cent of total money supply. The Managing […]
CBN to Change N5, N10, N20 & N50 to Paper Notes
By Our Correspondent Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has concluded plans to replace the polymer notes of N5.00, N10.00, N20.00 and N50.00 to paper notes reports our Correspondent monitoring the International Monetary Fund (IMF) and World Bank Spring Meeting in Washinghtion, United States. Tunde Lemo, Deputy Governor, Operations […]
