Central Banking

Central Bank of Nigeria held 224 clearing sessions

The Central Bank of Nigeria (CBN) in Kano has this year held 224 clearing sessions, during which 275,681 instruments valued at about N181 billion were cleared, the CBN Kano branch controller, Mr. Okun Folami, has said.

Folami in an interview in Kano with the Vanguard Daily said that within the period, three regular meetings of the clearing house committee were held and that banks that participated in the clearing sessions increased from 42 banks in 1999 to 45 banks, this year.

He explained that

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