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Monetary policy c’ttee will review interest rate – CBN chief Godwin Emefiele

With a few weeks to the next meeting of the Monetary Policy Committee (MPC), the last for the year, governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said there is a high possibility that a downward review of interest rates will be considered in view of declining inflation trend in the economy.

National Assembly demands Ibrahim Magu’s removal as condition for resolving outstanding appointments

Lawmakers at the national assembly have again demanded the removal of Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu.

Clashes in Central Africa leave at least 2 dead, 10 injured

Fighting between armed groups around the town of Batangafo in northern Central African Republic have left at least two dead and 10 wounded, aid workers said Monday.

Allegation of central bank printing money to support fed govt absurd, false – Yemi...

Vice President Yemi Osinbajo has debunked allegations that the Central Bank of Nigeria (CBN), was not following due process in the printing of money to support government programmes.

Expert supports CBN’s decision to retain monetary policy rate

An economic expert, Uche Uwaleke, has expressed support for the continued decision by the Central Bank of Nigeria to retain the country’s Monetary Policy Rate (MPR).

Central bank injects fresh $308.5m into forex market

The Central Bank of Nigeria (CBN) has continued to sustain liquidity in the foreign exchange (forex) market as it intervened once more yesterday with $308.5m.

Central bank right in retaining benchmark interest rate – Gwadabe

The president of the Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, on Wednesday defended the CBN’s retention of the benchmark interest rate and other monetary policy parameters.

Investors net worth drop by N116bn in August

Investors net worth dropped by N116 billion in the month of August occasioned by profit taking in spite of impressive half year results, the News Agency of Nigeria (NAN), reports.

Fast-track manufacturing sector growth – expert tells govt

A financial expert, Prof. Sheriffdeen Tella, has urged the Federal Government to fast-track the growth of the manufacturing sector through the provision of infrastructure and the provision of credit.

Recent Stories

Jigawa residents flay government policy on water supply

Despite huge investment of over N1.7b in the last four years by Jigawa State government towards the provision of water supply to both Dutse vicinity and beyond, the metropolitan city capital is faced with acute shortage of water supply for years.
The Chief Medical Director (CMD), Federal Teaching Hospital, Ido-Ekiti (FETHI), Prof. Kunle Ajayi, said the management has set machinery in motion to kick-start full automation of the hospital’s processes.

CMD: We have commenced process of automation in FETHI

The Chief Medical Director (CMD), Federal Teaching Hospital, Ado-Ekiti (FETHI), Prof. Kunle Ajayi, said the management has set machinery in motion to kick-start full automation of the hospital’s processes.

Historiography and tale of two Awe towns

The recent deposition of Emir Lamido Sanusi II has thrown up many issues both locally within the Kano metropolis and nationally and surely will be a topic for discussion for some time to come.
President Muhammadu Buhari has ordered the restriction of movements in Nigeria’s capital city Abuja and Lagos, which are the hardest hit by coronavirus in the country.

President Buhari’s coronavirus speech is like fine wine with a bit of vinegar

President Muhammadu Buhari was presidential in his address to the nation on coronavirus (COVID-19) on Sunday. He got off his accustomed armchair; stood up and spoke to Nigerians like an unfeigned commander-in-chief. I could see the sense of urgency in his cadence and grimace.
At least 18 people including eight Somali government soldiers and 10 al-Shabaab militants were killed, and more than 13 others wounded when fighters from al-Shabaab attacked Somali National Army and African Union peacekeeping mission troops bases

Troops overrun bandits, release kidnapped victims in Zamfara

The defence headquarters said the troops of Operation Hadarin Daji deployed in Zamfara has continued to close in on the bandits in the state.