By InvestAdvocate Lagos (INVESTADVOCATE)-The total value of electronic funds transfer in Nigeria has risen to N80 billion per day, the Central Bank of Nigeria (CBN) has said. This, according to the apex bank shows the growing acceptance of the cashless policy, which has facilitated such growth, by a lot of […]
Tag: Tunde Lemo
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 […]
Opposition as Reps move to abridge CBN autonomy
Stakeholders in the financial sector, including a former Minister of Finance, Mr. Adamu Ciroma, and an ex-Central Bank of Nigeria Governor, Chief Joseph Sanusi, on Monday, opposed the bid by the House of Representatives to tamper with the CBN autonomy. They cautioned the House against altering the globally accepted trend, […]
