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Monetary Policy Committee
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.
Ogun State government has renewed its commitment to strengthen economic ties with the Manufacturers Association of Nigeria (MAN), to enhance socio-economic growth of the state.
Some key Islamic State of West Africa Province (ISWAP) leaders have been killed by airstrikes at Jubillaram and Alinwa in the Northern part of Borno State.
The Peoples Democratic Party (PDP) has called on the National Assembly to immediately undertake a forensic probe of the Muhammadu Buhari administration.
Residents of Agadama in Ughelli North local government area of Delta State have lamented that the community lost over 86 people to suspected Fulani herdsmen since the attacks started in 2012.
Niger Delta Rights group known as the Ijaw Peoples Development Initiative (IPDI), has accused Ijaw political leaders and traditional rulers as being responsible for the incessant military invasions in Ijaw communities.
Chief Timipre Sylva, the Minister of State for Petroleum, has, for the first time, reacted to last Thursday’s judgment of the Supreme Court which led to the sack of David Lyon as the Governor-elect of Bayelsa State about 24 hours to his inauguration.
An unspecified number of vigilante operatives were killed at a checkpoint mounted by suspected Boko Haram members along Damaturu/Gashua road, Yobe, on Friday, witnesses and security officials said.
Banking giant Hongkong and Shanghai Banking corporation (HSBC), says it plans to cut some 35,000 jobs worldwide in the next three years as it restructures and increases its focus on Asia.
Prof. Kemebradikumo Pondei, Acting Managing Director of Niger Delta Development Commission (NDDC) has promised sweeping changes in the commission.
As China and the world continue to battle the scourge of the ongoing Covid-19 (coronavirus) outbreak, iPhone producers have said the production and sales of the product will be “temporarily constrained”.