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CBN Slashes Cash Mop by 82% to N150bn

CBN Slashes Cash Mop by 82% to N150bn   In a bid to stimulate economic growth worsened by unprecedented rise in prices of goods and services, the Central Bank of Nigeria (CBN) reduced its cash mop up operation by 82 per cent to N150 billion in...

Report Reveals Economy Lost N20trn On CBN’s 70% Cash Mop-up

Report Reveals Economy Lost N20trn On CBN’s 70% Cash Mop-up   Nigeria’s economy is grinding to a halt and has lost about N20tn following the over 70 per cent mop-up of cash by the Federal Government through the Central Bank of Nigeria, a new report by...