CBN Imposes N216bn CRR Levy On Banks
In a bid to mop up liquidity and prevent speculation in the foreign exchange market, the Central Bank of Nigeria (CBN) on Friday deducted N216 billion from banks accounts as Cash Reserve Ratio (CRR) .
In addition, the apex...
Senate Orders N216bn Illegal Subsidy Payment Refund By NNPC
The Senate has declared as illegal the current payments by the Nigerian National Petroleum Corporation to augment the differentials between the landing cost of the Premium Motor Spirit (petrol) and the pump price.
The legislature asked the...
