Cardoso: CBN will inject N1.4tn to boost Nigeria’s liquidity, cautions banks

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Cardoso: CBN will inject N1.4tn to boost Nigeria’s liquidity, cautions banks …C0NTINUE READING HERE >>>

The Governor of the Central Bank of Nigeria, Olayemi Cardoso has said that the apex bank will inject N1.4 trillion into the financial sector to boost liquidity in the country.

Cardoso disclosed this Tuesday during a press conference at the end of the 297th Monetary Policy Committee.

Responding to questions on cash insufficiency in banks’ Automated Teller Machines (ATM), Cardoso said the apex bank is working to provide a solution.

According to him, the bank will impose sanctions on banks…

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