Banks Hold N530 Billion CBN Funds as Cardoso Considers Refund

The Central Bank of Nigeria’s intervention funds, amounting to approximately N531.4 billion, remain unutilized in the accounts of nine Deposit Money Banks across the country, according to reports. This revelation emerges amid the suspension of all CBN intervention funds by the current apex bank governor, Olayemi Cardoso. In October of the previous year, upon assuming … Continue reading Banks Hold N530 Billion CBN Funds as Cardoso Considers Refund