The Central Bank of Nigeria sold a total of $3.89bn at the Wholesale Dutch Auction System in the first quarter of this year. Calculations by our correspondent showed that the apex bank also offered a total of $4.04bn within the period at the bi-weekly foreign exchange auction. The breakdown of […]
Tag: Central Bank of Nigeria
Pension Funds May Be Invested In Mortgage Banks
The Central Bank of Nigeria (CBN) will soon adopt a comprehensive reforms package for mortgage banking to reposition the sector for growth, spokesman Ugochukwu Okoroafor has said. Okoroafor said the reforms would not only be all-inclusive, but would transform the practice of mortgage banking. The reforms, he said, would address risks management, […]
Bankers’ Committee to investigate excess bank charges
The Bankers Committee of the Central Bank of Nigeria on Tuesday said it would investigate alleged excessive charges imposed on customers by Deposit Money Banks. The committee pointed out that by the recent directives of the central bank, which was meant to streamline bank charges, customers were supposed to enjoy […]
