Angry reactions is trailing the letter purportedly written by Sanusi Lamido Sanusi, CBN governor, alleging non-remittance of $49.8 billion by the Nigerian National Petroleum Corporation (NNPC)
The Monetary Policy Committee (MPC) yesterday raised the cash reserve ratio (CRR) on public sector deposits held by banks to 75 percent, thereby reducing free funds from ministries, parastatals and other government agencies in their vaults. The move is also to strengthen the weakening naira and reaf
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John Omachonu & Onyinye Nwachukwu
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more
