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CBN

Economy

ABCON tasks CBN on forex stability in 2021

The Association of Bureaux De Change Operators of Nigeria (ABCON), on Tuesday, urged the Central Bank of Nigeria (CBN) to continue to stabilize the foreign exchange rates for economic growth. Alhaji Aminu Gwadabe, ABCON President, gave the advice in an…

NewsDirect
January 5, 2021

Money market

Banks deposit with CBN drops by 38% in 2020

By Kayode Tokede Banks and Merchant Banks operating in Nigeria deposit with Central Bank of Nigeria (CBN) dropped by 38 per cent to N7.25trillion in 2020, our correspondent can report. However, in 2019, banks and merchant banks deposited N11.66trillion with…

NewsDirect
January 4, 2021