Limits |

CBN Removes Cash Deposit Limits, Raises Weekly Withdrawal Threshold

Kingsley Chukwu2 months ago03 mins

Nigeria’s central bank has scrapped cash-deposit limits and eased withdrawal restrictions in a major policy shift designed to reduce the cost of cash handling and tackle security and money-laundering concerns. The Central Bank of Nigeria (CBN) announced the changes in a circular signed by Dr Rita Sike, Director of Financial Policy and Regulation, who said…

We’ll Continue Borrowing Within Sustainable Limits – FG

Kingsley Chukwu8 months ago06 mins

The Federal Government says it will continue to borrow within manageable and sustainable limits in accordance with the Debt Management Office (DMO) debt sustainability framework. This is contained in a statement by the Director, Information and Public Relations in the Ministry of Finance, Mr Mohammed Manga, in Abuja on Wednesday. The News Agency of Nigeria…