The Central Bank of Nigeria (CBN) has directed deposit money banks (DMBs) providing bank guarantees to Nigeria Bulk Electricity Trading (NBET) Plc and the Transmission Company of Nigeria (TCN) on behalf of the electricity distribution companies (Discos) to take over electricity bill collections from customers. Similarly, the apex bank also charged the DMBs to ensure […]
The Central Bank of Nigeria (CBN) on Tuesday indicated its plan to release a new Clean Currency Policy and Banknote Fitness Guidelines and plans as part of its efforts to mop up all the mutilated naira notes in circulation nationwide. The apex bank’s Director, Currency Operations, Priscilla Eleje, while giving the hint on the planned […]
The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, today said that even when the bank’s Monetary Policy Committee (MPC) meeting would not hold due to lack of quorum, the nation’s economy has continued to exhibit positive tractions by all assessment parameters.