CBN Hints On How Banks Will Play Critical Roles In Growing Nigerian Economy

December 2, 2021
CBN Governor Mr. Godwin Emefiele
CBN Governor Mr. Godwin Emefiele

The Central Bank of Nigeria has disclosed that commercial banks across the country are to play critical roles in growing the country’s economy.

Head, Development Finance Department of the CBN, Aminu Muhammad, an assistant director, made this known on Wednesday while speaking at the CBN Fair which held in Kaduna and simultaneously in Kano.

Muhammad said: “The financial institutions under the purview of the CBN were supposed to play these critical roles in growing our economy.”

Join our WhatsApp Channel

He explained that the commercial banks were not effective in promoting the eNaira, adding that the operational benefits of its newly introduced eNaira to the public.

Officials of the CBN took turns in Kaduna on Wednesday to lecture youth corps members, hundreds of students from tertiary institutions across the state, and other members of the public on the eNaira initiative.

+ posts
Previous Story

2m Metric Tons Of Rice Smuggled Into Nigeria Annually – Senate Committee

AFCFTA
Next Story

AfCFTA: Key Takeaways From 5th Edition Of Prime Business Africa’s SEEDS (Video)

Latest from Finance & Economy

Reps Launch Probe into $18B Spent on Dormant Refineries

Nigeria’s House of Representatives has reopened one of the country’s longest-running national scandals: the mystery of billions sunk into “reviving” dead refineries that never breathed again. In a motion that rippled through the Green Chamber on Thursday, Hon. Sesi Oluwaseun Whingan called

FG Ends Cost-of-Collection Deductions by FIRS, Customs, Others – Edun

The Federal Government has abolished the long-standing practice of revenue-generating agencies deducting a portion of collections as operational costs before remitting funds to the Federation Account Allocation Committee (FAAC). Finance and Coordinating Minister of the Economy, Wale Edun, announced the policy on
Previous Story

2m Metric Tons Of Rice Smuggled Into Nigeria Annually – Senate Committee

AFCFTA
Next Story

AfCFTA: Key Takeaways From 5th Edition Of Prime Business Africa’s SEEDS (Video)

Don't Miss

BREAKING: Osinbajo Arrives Anambra On Official Engagement

Nigeria's Vice President, Prof. Yemi Osinbajo has arrived Anambra State
U.S. Consul General Praises Launch Of Solar-powered Cold Storage Facility In Enugu

US Pledges $450 Million In DTA initiative, Emphasizes Partnership

The United States Consul General in Nigeria, Will Stevens, made