The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, has defended the high lending rate regime in the banking sector, saying corruption is largely responsible for the development. The CBN, in performing its lender of last resort function, lends to Deposit Money Banks at an interest rate of 12 per […]
Tag: Central Bank of Nigeria
Mobile money transactions hit N17.3bn – CBN
The Central Bank of Nigeria has said the total value of transactions carried out so far by the mobile money operators is N17.3bn. The Acting Director, Banking and Payments System Department, CBN, Mr. Musa Jimoh, said this in Lagos on Monday at a mobile money agent forum organised by the […]
84 Stockbrokers gets N22.6 billion forbearance on Margin Loans
– Transaction Fees others scraped By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-84 Stockbrokers has been granted a N22.6 billion forebearance on Margin Loans at the Nigerian Capital Market (NCM). This is contained in an address Monday by Ngozi Okonjo-Iweala, Nigeria’s Minister of Finance at Press Conference in Abuja Nigeria and […]
