Category: Money Market

The Central Bank of Nigeria (CBN) says it will facilitate the introduction of Automated Teller Machines (ATMs) that can dispense coins to encourage Nigerians imbibe the culture of spending them. Mr Chidi Umeano, Head of Shared Services at CBN, said on Monday in Lagos that this plan was in tune with the currency restructuring exercise.…

The Managing Director and Chief Executive Officer of Access Bank Plc, Mr. Aigboje Aig-Imoukhede, has been accused of delaying the payment of outstanding subsidy claims to oil marketers because of the interests accruals on the loan facility his bank granted the oil marketers. Aig-Imoukhede, it would be recalled, headed the Presidential Committee on Verification and…