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Monetary Policy Committee
Trading on the Nigerian equity market returned to negative territory on Wednesday with 0.05 per cent dip or losses in MTN Nigeria and six other stocks.G
Nigeria’s re-emergence as Africa’s biggest economy followed South Africa’s slump into its second recession in two years, as severe rolling power blackouts frustrate President Cyril Ramaphosa’s attempt to revive growth.
The International Monetary Fund (IMF) has revised downward its 2020 Gross Domestic Product (GDP) forecast for Nigeria to two per cent, from the 2.5 per cent it had predicted earlier.
The Monetary Policy Committee of the Central Bank of Nigeria on Friday altered the Cash Reserves Ratio from 22.5 per cent to 27.5 per cent.
The Nigerian Stock Exchange (NSE) All-Share Index on Friday rose by 0.90 per cent in spite of rise in inflation rate recorded in December 2019.
The $57 oil benchmark adopted by the Federal Government in the 2020 budget may be unrealistic as the Central Bank of Nigeria (CBN) has called for its downward review.
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 13.5 per cent.
In the World Bank’s 2018 report, titled, “Nigerians Living abroad sent $22bn home in 2017”, the Bank noted that the top recipients of the Diaspora remittances in the world were India with $69bn, Chile ($64bn), Philippines $33bn, Mexico $31bn, Nigeria $22bn and Egypt $20bn
The Reserve Bank of Zimbabwe is to introduce a new currency in November, a member of the bank’s Monetary Policy Committee, said on Thursday.
A new directive by the Central Bank mandates Nigerian banks to give N65 as loans for every N100 they have as deposits.
The Central Bank of Nigeria says the transaction charges on deposit and withdrawal in furtherance of implementation of its cashless policy is on the amount in excess of the set limits. The Central Bank of Nigeria says the transaction charges on deposit and withdrawal in furtherance of implementation of its cashless policy is on the amount in excess of the set limits.
Financial experts on Monday expressed optimism that retention of the interest rate by the Monetary Policy Committee (MPC) would likely trigger foreign investors’ participation in emerging Nigerian markets.
The Central Bank of Nigeria (CBN) has apologised to bank customers for the inconveniences the reintroduced cashless policy will cause.
The Kebbi State Government has directed the closure of all its borders with neighbouring states, effective from midnight, Saturday, March 28, as part of measures to curb the spread of Coronavirus (COVID-19).
Following the pipeline leakage at Satellite Town in Lagos, the Nigerian National Petroleum Corporation, NNPC, Saturday, said it has shut down the supply and is currently evacuating petroleum product from the line.
Kaduna State government has arrested two clerics for conducting Friday congregational prayers in two communities of Kaduna North local government area, in violation of the curfew imposed to prevent the spread of COVID-19.
Paul Merson believes Odion Ighalo would be foolish to turn down a permanent move to Manchester United and return to parent club Shanghai Shenhua at the end of the season.
Deputy Senate President, Senator Ovie Omo Agege, All Progressives Congress, APC, Delta Central yesterday said that the National Leader of APC, Asiwaju Bola Tinubu still has a lot to offer Nigeria in the area of leadership and nation-building.
Former Chelsea and Trabzonspor midfielder John Obi Mikel has decided to celebrate his 'love' Olga Diyachenko on the occasion of the 2020 Mother's Day.
A source claimed that the visit might be in connection with the testing equipment donated by Chinese billionaire, Jac Ma, to see if could be installed at the Villa.
The Federal Road Safety Corps (FRSC), said on Friday that seven persons lost their lives in an auto-crash at Aki-na-Ukwa Junction, Mgbowo, on Enugu-Port Harcourt Expressway.
According to the lead agency in the battle against the scourge in Nigeria, the new cases were recorded in the Federal Capital Territory, Abuja and Lagos and Rivers States.
The Federal Ministry of Health has announced another case of coronavirus, bringing the number of cases to 4.