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China’s central bank has no intent to tighten or relax monetary policy, a vice governor said on Thursday.
The World Bank said on Tuesday that dry weather across much of Kenya was likely to curb the country’s economic growth this year, as it cut its forecast to 5.7 per cent growth.
A Don, Dr Austine Nwaeze, has urged the apex bank to sustain its current monetary policy to curb the nation’s inflation rate.
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.
Analysts have presented different possibilities for the Nigerian economy after the February and March elections, with most of them saying that a change in political leadership would most likely inspire hope and engender economic growth.
Some financial experts on Wednesday identified outcome of general elections, direction of monetary policy and US-China trade tension as factors that would shape stock market in 2019.
The International Monetary Fund (IMF) has warned Nigeria and other oil exporting nations in dire need of structural reforms not to be tempted to delay the exercise due to the current higher oil prices.
As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) sits for its 263rd meeting in Abuja from September 24-25, finance experts have predicted that the committee will retain all the key economic indices as was the case at the 262nd meeting in July.
It is interesting how the Naira has witnessed stability against the Dollar after the Nigerian Central Bank kept its monetary policy rate (MPR) unchanged at 14% in July.
The Director, Monetary Policy, Central Bank of Nigeria (CBN), Mr. Moses Tule, has stated that a reduction in the key interest rate — Monetary Policy Rate (MPR) — at this time would throw up a cocktail of fiscal challenges in the economy and create more inflationary pressure.
Over the years, the nation’s budget cycle has been inconsistent without a definite pattern, giving room for speculations and poor implementation.
Tokyo stocks closed higher on Friday, underpinned by gains on Wall Street and investor confidence in corporate earnings, as well as expectations of a positive tone at a landmark inter-Korean summit.
The Central Bank of Nigeria (CBN) is relishing the success of its monetary policy, especially regarding the foreign exchange, as the efforts have been finally acknowledged by the international financial community.
The Nigeria High Commission in Canada says it is set to evacuate Nigerian citizens, stranded in that country due to the COVID-19, back home.
Following the alleged arrest of the acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, the Presidential Advisory Committee Against Corruption on Monday decried the ongoing prosecution of the anti-graft agency’s boss.
Atlanta mayor Keisha Lance Bottoms, who gained national recognition for her handling of turbulent anti-racism protests, tested positive Monday for coronavirus.
The Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ibrahim Magu, was taken into custody Monday night after interrogation by the Presidential Panel investigating his tenure as head of the agency.
Those demoted were a Deputy Commissioner of Police (DCP), a Chief Superintendent of Police (CSP), four Superintendents of Police (SP), one Deputy Superintendent of Police and an Assistant Superintendent of Police.
Gianluigi Buffon set a new Serie A appearances record on Saturday as the 42-year-old goalkeeper played his 648th Italian top-flight match in Juventus’ game against Torino.
Mexican police have arrested three men over a bloody gun attack on a drug rehabilitation centre that left 27 people dead, the local prosecutor’s office said Sunday.
Switzerland has named a special prosecutor to review criminal complaints against FIFA chief Gianni Infantino and Attorney-General Michael Lauber.
Men of the Ogun State Police Command have arrested a 54-year-old man, Niyi Omowodun, a resident of Ejigun Agbede Itele Ota in Ado-Odo local government area of the state for allegedly defiling a 12-year-old girl (name withheld).
Lagos State Government on Thursday announced the recovery and discharge of 40 more Coronavirus patients, after they tested negative to the disease twice.