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Monetary Policy Committee
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 Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), in a statement, condemned the CBN’s planned policy restricting allocation of foreign exchange (FOREX) for milk importation into Nigeria.
The Central Bank of Nigeria (CBN) on Tuesday confirmed that its planned policy to restrict allocation of foreign exchange (FOREX) for milk importation and other diary products into the country will soon become effective.
The Central Bank Governor, Mr Godwin Emefiele, who disclosed this while addressing newsmen after the Monetary Policy Committee (MPC) meeting in Abuja on Tuesday said the Federal Government would soon put restrictions on the importation of milk to the country.
The Central Bank of Nigeria has pegged bank deposit placement through its Standing Deposit Facility (SDF) at N2billion, saying that any amount in excess of that will not attract interest payment.
In a bid to further stimulate lending to the economy, the Central Bank of Nigeria, CBN, yesterday, said bank deposit placement through its Standing Deposit Facility, SDF, in excess of N2 billion will not attract interest payment.
The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, says he will bring inflation to single digit within the next five years.
The monetary policy committee of the Central Bank of Nigeria (CBN) says it has agreed to keep the monetary policy rate, which measures interest rate at 13.5%.
The Central Bank of Nigeria, CBN, yesterday, said it would soon announce measures to limit the excessive appetite of banks for government securities.
As the 2019 Osun Economic and Investment Summit came to an end on Thursday, no fewer than 22 investors have shown interest in partnering with and investing in the state.
The committee saddled with the responsibility of fishing out ghost workers from the Bauchi State civil service has commenced visits to the 20 local government areas of the state.
The National Drug Law Enforcement Agency (NDLEA) says it is embarking on 24 hours surveillance in the FCT to rid the city of drug abuse and illicit drug trafficking.
Juventus is set to outbid Real Madrid in the race to sign Kylian Mbappe, as the Serie A Champions directors aim to hijack the Los Blancos prime target next summer, according to reports.
The Oyo State Police Command, on Thursday, paraded 41 suspected criminals, among whom was a 32-year-old man, Ibrahim Isiaka, who allegedly murdered his father.
The police have lamented that the violence in Kogi State during the governorship elections was worse than that of Bayelsa State.
The governorship candidate of the Peoples Democratic Party in Kogi State on Monday has rejected the declaration of Governor Yahaya Bello as the winner of the Saturday election.
Bayern Munich's new president has praised Pep Guardiola and vowed the club will target the best possible candidate for the vacant head coach position.
Determined to revamp the sports sector in the country, the Sports Minister, Mr. Sunday Dare, will today in Abuja hold an inter-ministerial technical session tagged: “Positioning sports as an industry - From concept to action.”
Property worth millions of naira were on Wednesday reportedly destroyed in a midnight fire that gutted a bungalow located at No. 26 New Nkisi GRA, Onitsha.