Tag: CBN
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Access Bank’s Chief supports CBN’s new policy to encourage lending
Access Bank Plc’s Chief Executive Officer (CEO), Herbert Wigwe, has thrown his weight behind the new policy the Central Bank of Nigeria (CBN) put in place for banks, in order to boost lending into the country’s economy.
In an interview with Bloomberg TV on Friday, Wigwe gave a warm welcome to CBN’s directive for banks’ daily deposits placement through the CBN’s Standing Deposit Facility not to exceed N2 billion.
No More Interest Payment on Bank Deposits Exceeding N2 billion, Says CBN
As part of its effort to stimulate lending to the real sector of the economy, the Central Bank of Nigeria has directed that banks’ daily deposits placement through the CBN’s Standing Deposit Facility, shall no longer exceed N2 billion.
Central bank moves towards unified naira exchange rate
The Central Bank of Nigeria signaled it will allow the naira to weaken past its official rate as it gradually unwinds its regime of multiple exchange rates, data on its website shows.
Godwin Emefiele: Nigeria’s Golden Icon Par Excellence
Mr. Godwin Emefiele is a Commander of the Order of the Niger (CON). He is also the multiple award-winning Governor of the Central Bank...
Senate Confirms Godwin Emefiele for Second Term
The senate committee on banking, insurance and other financial institutions has approved the reappointment of Godwin Emefiele as governor of the Central Bank of Nigeria (CBN) for a record second term.
