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NIGERIA: The CBN has its unconventional way, again

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On 24 April, the Central Bank of Nigeria (CBN) apparently debited about 30 banks a total of NGN 1.47trn (USD 3.8bn) for failing to comply with regulatory thresholds. As the CBN’s monetary policy continues to oscillate between measures aimed at defending the naira and stimulating ...

 

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NIGERIA: The CBN has its unconventional way, again

On 24 April, the Central Bank of Nigeria (CBN) apparently debited about 30 banks a total of NGN 1.47trn (USD 3.8bn) for failing to