crytocurrency – Jydee & Partners Network https://jydeepartners.com jydee-partners-network Thu, 03 Sep 2020 13:54:27 +0000 en-US hourly 1 https://wordpress.org/?v=5.6 https://jydeepartners.com/wp-content/uploads/2019/08/cropped-Asset-1-32x32.png crytocurrency – Jydee & Partners Network https://jydeepartners.com 32 32 CBN cuts down minimum interest rate on savings deposit https://jydeepartners.com/2020/09/03/cbn-cuts-down-minimum-interest-rate-on-savings-deposit/?utm_source=rss&utm_medium=rss&utm_campaign=cbn-cuts-down-minimum-interest-rate-on-savings-deposit https://jydeepartners.com/2020/09/03/cbn-cuts-down-minimum-interest-rate-on-savings-deposit/#respond Thu, 03 Sep 2020 13:54:20 +0000 https://jydeepartners.com/?p=17925 In a directive to banks signed by Bello Hassan, Director of Banking Supervision CBN “All deposit money banks are hereby informed that effective September 1, 2020, interest on local currency savings deposit shall be negotiated subject to a minimum of 10 percent of Monetary Policy Rate (MPR)”. This cuts down the savings interest rate from 3.9 percent to 1.25 percent per annum.

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]]> https://jydeepartners.com/2020/09/03/cbn-cuts-down-minimum-interest-rate-on-savings-deposit/feed/ 0 Dollar Falls To N430 at BDC Market https://jydeepartners.com/2020/09/03/dollar-falls-to-n430-at-bdc-market/?utm_source=rss&utm_medium=rss&utm_campaign=dollar-falls-to-n430-at-bdc-market https://jydeepartners.com/2020/09/03/dollar-falls-to-n430-at-bdc-market/#respond Thu, 03 Sep 2020 10:40:23 +0000 https://jydeepartners.com/?p=17920 Ahead of business reopening on Monday as the Central Bank of Nigeria(CBN) is set to resume forex sales after a long pause due to the imminent lockdown necessitated by the COVID-19 pandemic, Naira seems to be gaining momentum again with an uptrend in value since the beginning of the week.

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