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)

Featured Stories

Latest from Finance & Economy

NCDMB Reaffirms Support for APPO, Africa Energy Bank

The Nigerian Content Development and Monitoring Board (NCDMB) has reiterated its commitment to supporting the African Petroleum Producers Organisation (APPO) and the newly established Africa Energy Bank (AEB), describing both institutions as critical to the future of Africa’s oil and gas industry.

Wired for Disruption: How Modern Life Impacts Kids’ Brains

A child’s brain is not simply growing. It is being designed. Every day, from conception through adolescence, the brain is responding to instructions, some deliberate, many unconscious. These instructions come from food, movement, emotion, sleep, sound, stress, love, neglect, curiosity, fear, and
Oil Production: Nigeria Again Exceeds OPEC Quota In 2025

Crude Oil Prices Climb to $68 Amid Middle East Tensions

Global crude oil prices rose sharply on Thursday, reaching their highest level since September 2025, amid concerns that tensions between the United States and Iran could disrupt supply. Brent crude, the international benchmark, increased 2.2% to $68.88 per barrel, while US West
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

Bybit Unveils Powerful Passive Income Solutions for Crypto Investors

DUBAI, United Arab Emirates, 7 September 2023 -/African Media Agency(AMA)/- Bybit, the
Access Bank Obtains Central Bank of Angola’s Approval To Acquire 80% of Finibanco

Access Corporation Obtains Regulatory Approval For First Guarantee Pension, Amid Shareholders’ Faceoff

Access Corporation has received regulatory approval for the acquisition of