Business
CBN to reform liquidity management process
The Central Bank of Nigeria, CBN, is set to device a new means of liquidity management in order to reduce associated expenses.
The Deputy Governor in charge of Corporate Services at the CBN, Mr. Edward Adamu, stated this on Wednesday when he presented the 2019 budget proposal of the apex bank on behalf of the bank’s Governor, Godwin Emefiele to the House of Representatives Committee on Banking and Currency.
Adamu, who gave a summary of all the vote heads and commitments of the bank for 2019, explained that the bank remained committed to sustaining stability in the financial system, in addition to pushing policies that would continue to engender growth in the Nigerian economy.
The Chairman of the committee, Jones Onyereri, acknowledged the efforts of the CBN at managing liquidity, urging the apex bank to do more by further enlightening members on the dynamics of liquidity management.
-
Health1 week agoSenate hearing set to review research on COVID-19 vaccines, cancer concerns
-
Crime6 days agoLASU student dies after armed robbery attack
-
Featured6 days agoOsun APC counters Adeleke over security drone dispute, urges public to ignore allegations against Oyetola
-
Latest1 week ago2027: North will back Tinubu’s re-election bid, says ex-ACF Secretary-General
-
Football6 days agoArsenal confirm departure of 15 players ahead of summer exit
-
Comments and Issues1 week agoDay Ibori stormed Asaba for Oborevwori’s third anniversary
-
Politics6 days agoEmeka Ike reacts to alleged INEC-linked data breach
-
Politics6 days agoFour PDP reps from Bauchi defect to APM, cite internal party crisis