Written by Sarah NEGEDU

CBN plans liquidity management for 2019

The Central Bank of Nigeria, CBN, said it is devising new means of managing liquidity in order to reduce expenses on liquidity management in 2019.

Governor of the Central Bank, Mr. Godwin Emefiele, gave the assurance when he submitted the bank’s 2019 budget proposal to the House of Representatives Committee on Banking and Currency.

Emefiele, who was represented by the Deputy Governor, Corporate Services, Mr. Edward Adamu, explained that the bank remained committed to sustaining stability in the financial system.

He said the CBN is pushing policies that would continue to engender growth in the Nigerian economy.

Adamu gave a summary of all the vote heads and commitments of the bank for 2019.

Responding, the Chairman House of Representatives Committee on Banking and Currency, Jones Onyereri, acknowledged the effort of the CBN at managing liquidity.

He urged the bank to do more by further enlightening members on the dynamics of liquidity management.

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