Investor Presentaiton
Key regulatory and policy interventions
The CBN recently reviewed the
minimum interest payable on
local currency savings deposit to
10% of the Monetary Policy Rate
(previously 30% of MPR)
CBN introduced Special
bill which created an
additional liquidity
management tool while
also contributing to
banks Liquidity Ratio
The CBN introduced receipt of
diaspora remittances through
International Money Transfer
Operation in foreign currency
(FCY)
The CBN extended the COVID-19
relief (moratorium and interest
rate reduction) for another 12
months
Q3 2020
The Monetary Policy
Committee reduced MPR
by 1.0% to 11.5%
The CBN and Nigerian
Communications Commission
(NCC) introduced a flat fee of
#6.98 per transaction for USSD
services
CBN adopted
NAFEX/I&E as the
official exchange rate
Q4 2020
Q1 2021
Q2 2021
Appendix
The Securities and exchange
commission issued Fintech
services license
PENCOM launched the opening of
the Retirement Savings Account
transfer system
The President approved an
expansionary budget aimed at
economy recovery. The budget is
premised on exchange rate of
#379/$ and oil benchmark of $40
per barrel
The CBN introduced a
"Naira 4 Dollar Scheme" as
an incentive for diaspora
remittances
The CBN issued a regulatory
framework for non-bank
merchant acquiring to facilitate a
sound electronic payment system
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