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Monetary Policy Committee
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.
The Bank of England is set to provide its first forecasts of what Britain’s Brexit delay will mean for the British economy.
India’s central bank cut its policy interest rate by 25 basis points on Thursday in a widely expected move to boost the economy just a week before voting begins in an election that will decide whether Prime Minister Narendra Modi gets a second term or not.
Mr Wale Adegbite, a former Chairman, Manufacturers Association of Nigeria, Ogun Chapter, has urged the CBN to also reduce the Cash Reserve Ratio (CRR) to make the reduction of the Monetary Policy Rate (MPR) meaningful
Analysts have said the reduction of the Monetary Policy Rate, also known as benchmark interest rate, may dampen foreign investors in the nation’s stock market.
Financial analysts have described the decision of the Central Bank of Nigeria, CBN, to reduce the Monetary Policy Rate, MPR, to 13.5 per cent as a hasty decision with zero impact on boosting lending to businesses.
Two financial experts, Dr Samuel Nzekwe and Dr Titus Okurounmu, on Wednesday commended the Federal Government for reducing the benchmark lending rate from 14 per cent to 13.5 per cent.
Monetary Policy Committee of the Central Bank of Nigeria (CBN) has decided by a vote of six members to adjust the Monetary Policy Rate (MPR) by 50 basis point – from 14% to 13.5%.
The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, Thursday projected that the Nigerian economy would grow by three per cent in 2019, higher than the 1.93 per cent it achieved in 2018.
The Association of Bureaux De Change Operators of Nigeria (ABCON) has expressed its support for the Central Bank of Nigeria’s (CBN) monetary policy and intervention in critical sectors in the economy.
The Central Bank of Nigeria has said that the total value of money market assets outstanding in the fourth quarter of 2018 was N11.897trillion.
India’s central bank on Thursday unexpectedly lowered interest rates and, as anticipated, shifted its stance to “neutral” from “calibrated tightening” to boost a slowing economy after a sharp fall in the inflation rate.
The Governor of the Central Bank of Nigeria, (CBN) Mr Godwin Emefiele on Tuesday disclosed that the bank would increase the number of items placed on import restrictions from 42 to 50.
The police on Thursday arraigned two men in a Kabusa Grade I Area Court Abuja for allegedly engaging in the act of sodomy.
Three suspected cultists have been arrested for allegedly abducting and raping two teenage girls in Awada, near Onitsha, Anambra state.
The Court of Appeal, Benin-City, Edo State, has upheld the ruling of the Federal High Court, Benin-City, Edo State, upholding the candidacy of Moses Anaughe as the valid candidate of the All Progressives Congress, APC for Ughelli North constituency II in the 2019 general election.
Ajax goalkeeper Andre Onana has sent his best wishes to Matthijs de Ligt following the completion of his €75 million move to Juventus.
The Oluwo of Iwo land, Oba Abdulrasheed Akanbi, has called for death penalty for kidnappers in the state to help put an end to kidnapping.
Captains of industries, airline owners, professionals, and other stakeholders in Nigeria’s aviation sector are gathering in Lagos to brainstorm on how to develop the right policies to spur major investments in the sector.
An Ikeja Chief Magistrate’s Court on Friday granted bail in the sum of N200,000 to a teenager (name withheld), who allegedly defiled his neighbour’s four-year-old daughter.
President Muhammadu Buhari has commiserated with leader of Afenifere, Pa Reuben Fasoranti, on the death of his daughter, Mrs Funke Olakunrin.
Matthijs de Ligt's transfer to Juventus is nearing its conclusion, according to Ajax's director of football Marc Overmars.
Governor Samuel Ortom of Benue State on Wednesday called on the Soil Science Society of Nigeria to collaborate with the Federal Ministry of Agriculture to put a complete halt to the issues of herdsmen migration from the North to the South.