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PBA Reporter

CBN Owes Goldman Sachs, JP Morgan $7.5bn, Releases Financials Amid Probe

CBN Releases Guidelines On Bank Neutral Cash Hubs

The Central Bank of Nigeria (CBN) has released guidelines for setting up Bank Neutral Cash Hubs (BNCHs). The CBN, in a statement, noted that the BNCHs are being initiated in furtherance of its mandate to promote a sound financial system in Nigeria,
June 2, 2022
Godwin Emefiele

CBN Retains 5% Interest Rate For Power Sector, Others

The Central Bank of Nigeria (CBN) has agreed to leave interest rates at five per cent per annum for critical sectors and manufacturing industries until March 2023. Prime Business Africa learnt that the decision followed the resolution of the Monetary Policy Committee
June 1, 2022
CBN Denies Discriminating Against People With Physical Disabilities Seeking Job

MAN, LCCI React As CBN Raises Lending Rate To 13%

The Manufacturers Association of Nigeria, the Lagos Chamber of Commerce and Industry, and the Nigerian-American Chamber of Commerce, have reacted to the hiking of the monetary policy rate by the Central Bank of Nigeria. They disclosed that the policy will hurt the
May 26, 2022
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