Banks Begin Deduction Of Loans From Chronic Debtors’ Accounts   The Deposit Money Banks are recovering debts owed by chronic debtors from their accounts in other banks to curb the growth of non-performing loans in the industry, findings have revealed. Figures obtained from the Central Bank of...

Banks’ Borrowing From CBN Rises By 74% To N901bn   The scarcity of funds (liquidity) in the interbank money market has compelled banks to rely more on the Central Bank of Nigeria (CBN) for short term liquidity needs. Findings show that banks borrowed N901 billion from the...

CBN Unveils Framework To Empower 100 Companies     The Central Bank of Nigeria has commenced the 100 for 100 Policy on Production and Productivity with the unveiling of an operational framework to guide interested companies in participating in the initiative. The framework which was released on Sunday...

e-Naira is Secure, Dependable, CBN Assures Users   The Central Bank of Nigeria has said its newly launched e-Naira project is secure and dependable. The Director of Corporate Communications, Mr Osita Nwanisobi, stated this while speaking at the ongoing CBN-Fair in Abakaliki on Thursday. According to the apex...

24 Hours After Disappearance, eNaira Speed Wallet Returns To Google Store   The eNaira Speed Wallet app is back on Google Store 24 hours after its disappearance. Recall that yesterday, the app went missing on Google Store after its launch on Monday. The app had met with...

'Why Fed Govt Expenditure Fell To N781bn In August'     The Federal Government’s expenditure fell by 18.76 per cent to N781.61bn in August as a result of compression in capital spending relative to their budget. A member of the Monetary Policy Committee, Prof. Adeola Adenikinju, disclosed this...