CBN Introduces Special Bills To Mop Up Idle Cash In Economy

Dec 2, 2020. by Otunba T.J Abass

The Central Bank of Nigeria (CBN) on Tuesday has introduced a special bill to mop up excess liquidity (idle cash) in the economy. Announcing the introduction of the special bills, Director of Banking Supervision Department (CBN), Bello Hassan said that the bills will be 90Days tenor and will be issued at zero-coupon. He said: “The … Read more