CENTRAL BANK OF NIGERIA – Pensioners FM

Presidency Backs CBN, Investors Rush for Mega-Banks Stocks

News Room1 year ago1 year ago011 mins

Presidency on Tuesday expressed support for the banking sector consolidation initiative of the Central Bank of Nigeria, saying it would help the country to grow the economy to a new height. This came barely five days after the CBN said it would ask banks to raise new capital. According to the Presidency, it has become…

CBN’s lifting of restrictions on 43 items will affect economy- Expert

News Room2 years ago2 years ago010 mins

Experts and Organised Private Sector (OPS) operators yesterday hailed the decision of the Central Bank of Nigeria (CBN) to lift foreign exchange (Forex) restrictions on the importation of 43 items. They said the move would create jobs and strengthen the economy. The apex bank explained that with the move, importers of rice, maize and wheelbarrows…