CBN limits daily standing deposit facility to 2bn naira
By CNBC
20 July 2019 |
8:22 am
The Central Bank of Nigeria (CBN) capped the placement of the daily deposit through its Standing Deposit Facility, to 2 billion naira, effective from today. Nnamdi Nwizu, Co-Managing Partner at Comercio Partners joins CNBC Africa for more.
In this article
Related
Related
25 Feb
This week saw the release of a wide-ranging investigation into the lucrative disinformation industry, published by a media consortium led by the French NGO Forbidden Stories. At the centre of the story is a shadowy Israeli group nicknamed "Team Jorge" who claims it has influenced 33 elections worldwide with a potent combination of phone hacking and thousands of fake profiles.
2 Mar
The disappearance of Chinese banker Bao Fan has renewed concerns about Beijing's crackdown on entrepreneurs. Experts say the trend will cause investors to lose confidence in China.
9 Apr
Tanzanian traders doing business in Kenya have raised concerns that the weekly demonstrations by the opposition are negatively affecting their business. Kenya is the main destination for Tanzania's corn exports.
8 Apr
Disney CEO Bob Iger has criticised Florida governor and Republican presidential hopeful Ron DeSantis as being "anti-business" and "anti-Florida". The comments are part of an ongoing feud between the entertainment giant and DeSantis that started when Disney voiced its opposition to a state law banning education on LGBT issues in schools.
12 Apr
Viral photos appear to show a beached shark in the United States being rescued by local residents. But that is what the social media posts want people to think. The photos are actually fake, generated by artificial intelligence software, and their creator seemingly wants to take advantage of the confusion. We tell you more in this edition of Truth or Fake.
16 May
Khat lovers in Kenya continue enjoying their favorite plant — also known as miraa — despite its classification as a drug in many countries. Trading miraa is a lifeline for some Kenyans, and they can't afford to quit.
26 May
Modest fashion is a way of dressing that respects specific clothing requirements for reasons of faith and also personal preference. The market for modest fashion is huge – and it's only getting bigger, with both designers and influencers keen to get in on the action. FRANCE 24 went to check out the second edition of Paris Modest Fashion Week.
17 Jun
Marcus Gram, Joyner Vending Founder, joins 'Last Call' for Make It Monday to explain how he turned a vending machine business into a $300 thousand per year enterprise.
25 Jun
Beijing is portraying Chinese Premier Li Qiang's business-oriented visit to Germany as a diplomatic success, but experts say its impact on reducing long-running tensions will be limited.
30 Jun
The World Economic Forum's summer meeting is bringing together decision-makers in Tianjin, China. Alongside topics like AI and biotech, the conversation has focused on whether business can ignore political tensions.
16 Jul
India on Friday sent its Chandrayaan-3 spacecraft on a mission to land on the moon, hoping to join the three other countries that have managed the feat.
Latest
3 hours ago
The Lagos State Internal Revenue Service has deployed an upgraded electronic process for the collection of Hotel Occupancy and Restaurants Consumption Tax in the state. How efficient is the process in driving tax revenues? Theo Emuwa, a Partner at Aelex, joins CNBC Africa for this discussion.
3 hours ago
David Doyle brings you a round up of this week's business news from sub-Saharan Africa, including a setback for Zambia and currency woes in Nigeria.
3 hours ago
We focus on the situation in Sierra Leone, where 20 people were killed during Sunday’s attack on military barracks. President Julius Maada Bio said in an address on Sunday that most of the leaders of the attack had been arrested. Officials confirmed, however, that nearly 2,000 inmates escaped central prison during the events and only 23 have so far been brought back.
1 day ago
Dheepthika Laurent chats to American choreographer and dancer Trajal Harrell about his retrospective at Paris's Festival d'Automne. They also talk about vogueing, the focus of his seminal eight-year project "Twenty Looks or Paris is Burning at the Judson Church" and his current field of interest: Japanese dance style Butoh.
1 day ago
Rights groups are calling on the Japanese government to improve conditions for women in Japanese prisons. Statistics show most women in Japan are incarcerated for non-violent offenses.
1 day ago
Since the Hamas terror attack on Israel on October 7, nearly 1,000 antisemitic incidents have been reported in Germany. Some of these acts include extreme violence and property destruction, a German association said.
×

Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.