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Tag: CBN

CBN begins gradual harmonisation of exchange rates

Posted on May 15, 2021 By Kenneth119260 No Comments on CBN begins gradual harmonisation of exchange rates
CBN begins gradual harmonisation of exchange rates

The Central Bank of Nigeria (CBN) yesterday started progressive harmonization of trade rates with the evacuation of N379/$1 official rate from its site. The move by the peak bank is one of the principal signs of conversion standard harmonization and strategic downgrading of the naira. The strategy shift additionally affirmed long-lasting theory that the Nigerian…

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Business, News, Politics

Bank deposits rose by N6.95tn in one year – CBN

Posted on May 14, 2021 By Kenneth119260 No Comments on Bank deposits rose by N6.95tn in one year – CBN
Bank deposits rose by N6.95tn in one year – CBN

Bank stores rose by N6.95tn between February 2019 and February 2020, the Central Bank of Nigeria said. The CBN revealed this in its report on a portion of the individual assertions of individuals from the Monetary Policy Committee acquired by our journalist on Thursday. A piece of the assertion read, “Be that as it may,…

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