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The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank reduces lending rate to 12.5%

The Monetary Policy Committee of the Central Bank of Nigeria on Thursday reduced the Monetary Policy Rate to 12.5 per cent.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank reschedules MPC meeting over holidays

The Central Bank of Nigeria (CBN) has rescheduled it’s Monetary Policy Committee (MPC) meeting from Monday and Tuesday May 25 and 26 to Thursday, May 28.
The Monetary Policy Committee (MPC) of the South African Reserve Bank decided to cut the repo rate by 100 basis points. This takes the repo rate to 4.25 per cent per annum, the bank said in a statement.

South African central bank delivers surprise rate cut and signals more to come

South Africa’s central bank cut lending rates to record lows on Tuesday following an unscheduled meeting of its policy committee in response to the economic turmoil wrought by the coronavirus outbreak.
The Monetary Policy Committee (MPC) of the South African Reserve Bank decided to cut the repo rate by 100 basis points. This takes the repo rate to 4.25 per cent per annum, the bank said in a statement.

South Africa further cuts interest rate amid virus pandemic

South Africa's central bank Tuesday slashed its main interest rate by a full percentage point, the second such cut in less than a month, as the economic impact of the coronavirus pandemic deepens.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE returns to negative posture, indices down by 0.05 per cent

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
Supreme Court of Nigeria

Group hails Supreme Court’s decision to review Imo governorship judgement

Mbaise People’s Congress (MPC), a group of Mbaise Professionals in Imo State, has commended the Supreme Court of Nigeria for their decision to review the judgment delivered on January 14, 2020 on the Imo State 2019 Governorship election which upturned the election of Emeka Ihedioha.
The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade.

IMF reduces Nigeria’s 2020 growth projection to two percent

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.
Nigerian Stock Exchange NSE

NSE: Trading defies inflation figure, index up 0.90 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.
Dangote Group founder Aliko Dangote

Africa’s richest man to diversify investments

Top billionaires across the world diversify their investments to countries with strong and rising currencies to avoid asset erosion.
FILE PHOTO- Central Bank of Egypt's headquarters seen in downtown Cairo, Egypt, September 7, 2017. REUTERS-Mohamed Abd El Ghany

Egypt’s central bank postpones policy meeting

Egypt’s central bank said on Thurday that its monetary policy meeting on interest rates had been postponed to Jan. 16 from this week.

$57 budget 2020 oil benchmark unrealistic – central bank

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.

MPC retains benchmark lending rate at 13.5 per cent

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 13.5 per cent.

Central bank mandates commercial banks to give out more loans

A new directive by the Central Bank mandates Nigerian banks to give N65 as loans for every N100 they have as deposits.

MPR retention: Experts predict increase in foreign investors’ participation

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.

Expert: Retention of MPR at 13.5 percent in order

Mr Tope Fasua, an economic expert, said the retention of Monetary Policy Rate (MPR) by the Monetary Policy Committee (MPC) was in order.

Central bank apologises for cashless policy inconveniences

The Central Bank of Nigeria (CBN) has apologised to bank customers for the inconveniences the reintroduced cashless policy will cause.

CBN: MPC meeting to hold earlier than scheduled

The Central Bank of Nigeria (CBN) has rescheduled the Monetary Policy Committee (MPC) meeting for the month of September.

CBN reschedules MPC meeting to Thursday

The Central Bank of Nigeria has rescheduled it’s Monetary Policy Committee meeting to Thursday and Friday this week.

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The Presidential Taskforce on COVID-19 (PTF) has decried the continued refusal by medical institutions including federal tertiary institutions to receive and treat patients for fear COVID-19.

PTF decries continued refusal by hospitals to treat patients for fear of coronavirus

The Presidential Taskforce on COVID-19 (PTF) has decried the continued refusal by medical institutions including federal tertiary institutions to receive and treat patients for fear COVID-19.
Niger Delta Development Commission (NDDC)

NDDC HQ shut over ‘coronavirus outbreak’

The Minister of Niger Delta Affairs, Senator Godswill Akpabio, has ordered the immediate shutdown of the headquarters of the Niger Delta Development Commission in Port Harcourt following the sudden death of the Commission’s Executive Director, Finance and Administration, Chief Ibanga Etang.
Kola Ologbondiyan

Loans request: Nigeria now on the auction market – PDP

The Peoples Democratic Party (PDP) alarms that with the volume of foreign loans being accumulated by President Muhammadu Buhari and his All Progressives Congress (APC), our nation and her people have been placed on the international auction market.
213 British nationals were Monday evacuated from Nigeria through the Muritala Muhammed International Airport, Lagos on a British Airways flight BA9157 .

Nigeria releases new guidelines for international flights operations

Nigeria Civil Aviation Authority , NCAA, Thursday, released new guidelines for international flights operations during the current Covid-19 pandemic for Nigerian based crew.

Official: ICPC investigating cases of coronavirus fraud

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it is investigating alleged cases of corruption in the management of COVID-19 funds and palliatives.