Bank customers decry shortage of cash as CBN reads riot act …C0NTINUE READING HERE >>> Some small business operators and residents in the Federal Capital Territory (FCT), have decried the scarcity of Naira notes for various transactions. They spoke on Sunday in Abuja. Over the past few days, bank customers had experienced difficulty trying … Read more
CBN Governor admits Nigerian banks facing pressure …C0NTINUE READING HERE >>> The Central Bank of Nigeria (CBN) has admitted that Nigeria’s Deposit Money Banks (DMBs) are faced with both external and internal pressures but that they are “satisfactorily resilient” amid the pressures. Mr Yemi Cardoso, the Governor of the CBN, said this on Tuesday in … Read more
Yemi Cardoso-Led CBN Raises Interest Rate To 27.25 Percent …C0NTINUE READING HERE >>> Yemi Cardoso-led CBN has raised the interest rate to 27.25 percent. Newsone Nigeria reports that the Monetary Policy Committee of the Central Bank of Nigeria (CBN) has voted to increase the monetary policy rate, which measures the benchmark interest rate, to 27.25 percent. This … Read more
Presidency denies sacking CBN Governor …C0NTINUE READING HERE >>> The Presidency has denied reports that President Bola Ahmed Tinubu has sacked Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso. Reports emerged on Tuesday that Cardoso, who was appointed CBN Governor in September 2023 was asked to resign. Advertisement “It’s all lies. President Tinubu … Read more