World News

CBN: Removal of ATM Charges Effective Next Monday

The Bankers’ Committee Sunday  said the decision earlier reached to suspend all charges accruing from the use of Automated Teller Machines (ATMs) of other banks would be implemented from Monday, December 17. Governor of the Central Bank of Nigeria (CBN) and Chairman of the Bankers’ Committee, Mallam Sanusi Lamido Sanusi, […]

Treasury Bills Subscription Rises to N659bn in November

Treasury Bills subscription in November increased by 12.2 per cent to N659 billion, compared to the N587.55 billion recorded in October, a report by the Financial Market Dealers Association (FMDA) has shown. The FMDA stated this in its financial and economic report for November obtained at the weekend. It showed […]

CBN Withdraws N128 Billion from Circulation

In line with its tight monetary policy regime, the Central Bank Nigeria (CBN) at the weekend withdrew a total of N127.97 billion naira from the system, through sale of treasury bills (T-bills). The CBN sold N32.488 billion of 91-day T-bills at a yield of 11.95 percent. The central bank also […]