CBN has upscaled Greenwich Trust Limited to the status of a merchant bank.
The CBN proceeds with its help for the agrarian area.
Critics are now throwing the kitchen sink at the CBN Governor for actions they deem “unpopular”.
The FUGAZ generated a sum of N67.3 billion from electronic business during their half-year 2020.
In total, the CBN now holds a total of N6.57 trillion in CRR debits from the nation’s top 5 banks
With inflation rate at 12.8%, this is almost like paying banks to keep the money for you.
Information gathered by Nairametrics reveals about 17 banks had their vaults debited by the apex bank in CRR sequesters.
The 3 Payment Service Banks are Hope PSB, Moneymaster PSB and 9 PSB.