Interest Rate May Increase As CBN Raises Bank Cash Reserve Ratio
The Central Bank of Nigeria (CBN) has increased the Cash Reserves Ratio (CRR) of banks from 22.5 per cent to 27.5 per cent. The alteration was done by….
Category: News
Ship owners to benefit from $200m Cabotage fund – Amaechi
Minister of Transportation, Rotimi Amaechi, has announced that Ship owners will now benefit directly from the Two $200 million Cabotage Vessel Financing Fund (CVFF). A committee chaired….
PenCom decries slow compliance to ECRS
The National Pension Commission (PenCom) has decried the slow compliance to the Enhanced Contributor Registration System (ECRS), a platform positioned to build a credible database of contributors under the….
5G SIM cards to enable crypto-currency payments in 5 years
By 2025, half of smartphone owners who do not have a bank account will use a mobile-accessible crypto-currency account for their day-to-day financial transactions. This was the word….