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The Central Bank of Nigeria (CBN) on Monday said its Monetary Policy Committee (MPC) opted to retain monetary policy rates to rein in inflation and stabilise the economy.
International Monetary Fund (IMF) has cautioned against rising risks in the banking sector leading to banks borrowing a total of N2.496 trillion from Central Bank of Nigeria (CBN) during the last three months of 2017 according to data obtained from the apex bank at the weekend.
The SBG Securities (Pty) Limited of South Africa, a wholly owned subsidiary of the Standard Bank Group, has projected that about nine commercial banks in Nigeria would be able to pay dividends this year, despite the adjustment to the dividend payout policy issued by the Central Bank of Nigeria (CBN) recently.
As part of efforts to encourage commercial banks to lend more to operators of micro, small and medium scale enterprises (MSMEs), the Central Bank of Nigeria (CBN) is considering lowering the cash reserve requirement (CRR) for SME-focused banks.
The Central Bank of Nigeria, CBN, is on course to realise its target of bringing the country’s inflation rate down to single digits by next year, its governor, Godwin Emefiele, said on Wednesday.
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has retained the monetary policy rate at 14 percent.
Access Bank Plc on Wednesday announced gross earnings of N246.6 billion for the 2017 half year ended June 30, 2017.
Mr Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN), says monetary policy offers limited tools for dealing with the current economic challenges in the country.
Youths Initiative for Advocacy, Growth and Advancement (YIAGA) Africa, a Non-Governmental Organisation (NGO), on Monday insisted that announced result of Saturday’s governorship election in Ekiti was correct.
The Petroleum Technology Development Fund (PTDF) has extended it scholarship programme to China, Germany and France to deepen capacity of Nigeria in the oil and gas sector.
The Nigerian National Petroleum Corporation (NNPC) has commenced a community integration and stakeholders’ engagement to sensitise people in Cross River ahead the planned oil palm-based bio-diesel project.
Former Arsenal forward Thierry Henry has announced he is leaving Sky Sports to focus on his "long-term ambition to become a football manager".
Newspaper Vendors in Bauchi have lamented over the drop in sale of newspapers as a result of internet evolution.
Chris Akomas, a former deputy governor of Abia State, has formally declared his interest to run for the 2019 governorship race on the platform of the All Progressives Congress (APC) and solicited for the support of his party members.
Croatia midfielder Ivan Rakitic insisted fatigue will not be an issue for the biggest game of his career despite being pushed to three periods of extra-time to make Sunday’s World Cup final.
As part of measures to raise the consciousness of motorists on safety issues on the highways in Katsina, the Federal Road Safety Commission (FRSC) in the state on Wednesday said it had apprehended 32 motorists for various offences ranging from overloading, violation of traffic rules and driver’s licence.
Thirty men suspected to be members of an unlawful society called “Black Axe” were on Wednesday arraigned in a Yaba Chief Magistrates’ Court, Lagos.
The National Emergency Management Agency (NEMA) says it has received a batch of 160 assisted voluntary returnees from Libya who were stranded in failed attempts to reach different European countries.