The Central Bank of Nigeria has said it will facilitate the introduction of Automated Teller Machines that can dispense coins to encourage the citizens imbibe the culture of spending them. The Head of Shared Services, CBN, Mr. Chidi Umeano, told the News Agency of Nigeria on Monday in Lagos that […]
Tag: Central Bank of Nigeria
Inter-bank rates climb as NNPC recalls deposits
Inter-bank lending rates climbed to an average of 16.33 per cent on Friday, compared with 13.5 per cent last week, on the back of cash withdrawals by the Nigerian National Petroleum Corporation and foreign exchange purchases. Reuters reported that The market opened with a negative balance of N42bn ($266.08m) on […]
Phased cash-less policy implementation may be delayed
The Central Bank of Nigeria has said the planned implementation of its cash-less policy outside Lagos State in stages may be delayed further. The CBN Deputy Governor in charge of operations, Dr. Tunde Lemo, said this during a seminar, titled, ‘Embracing Federal Government’s Financial Sector Reforms for the Rapid Transformation […]
