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CBN Retains Monetary Policy Rate At 27%
THE Monetary Policy Committee (MPC), of the Central Bank of Nigeria (CBN) has retained the country’s headline lending rate known as the Monetary Policy Rate (MPR) at 27 per cent.
In a communiqué issued at the end of the 303rd…
CBN to Slam 5yr Ban On Bank Customers Over Dud Cheque
THE Central Bank of Nigeria (CBN) is working on a policy that would impose a five-year ban on ‘serial dud cheque issuers’.
Under the proposed penalty clause a customer is designated ‘serial dud cheque issuer’ when he/ she…
Nigeria’s Inflation Rate Eases To 16.05% In October – NBS
THE National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate eased further to 16.05 per cent in October.
The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for October, which was…
Whistleblowers: Arbitrator in GHL–First Bank Dispute Accused of Holding FBN Shares
* Experts: Undisclosed Interest May Invalidate Arbitration Award
Fresh controversy has trailed First Bank of Nigeria’s (FBN) bid to take over the assets of General Hydrocarbons Limited (GHL), following revelations that the Sole…
Effective Communication Key To Banking Recapitalisation, $1trn Economy Target – CBN
THE Central Bank of Nigeria (CBN) has identified strong and effective communication as a catalyst to actualise the ongoing banking sector recapitalisation in the country.
Mr Philip Ikeazor, the CBN Deputy Governor, Financial…
Finance Minister, Edun, 3 CBN Deputy Governors, Others Bag CIBN Honorary Fellowship
THE Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun and three Central Bank of Nigeria (CBN) Deputy Governors on Saturday in Lagos received honorary fellowship of the Chartered Institute of Bankers of Nigeria…
America Designates Nigeria As Country Of Particular Concern
PRESIDENT Donald Trump of the United States of America, USA, has designated Nigeria as a “country of particular concern,” over widespread killings of Christians in the West African country.
“Christianity is facing an…
Cardoso Leads Nigeria’s Delegation To World Bank Meeting
OLAYEMI Cardoso, governor of the Central Bank, will lead Nigeria’s delegation to the World Bank and International Monetary Fund Annual Meeting in Washington DC, which opens on Monday, October 13.
Cardoso, as the alternate Governor,…
I’ve Been Receiving Threats For Revoking Mining Licences Say Alake
THE Minister of Solid Minerals Development, Dr Dele Alake, says he has received threats over the recent revocation of 1,263 mineral licences for non-payment of annual fees.
Alake stated this at a news conference ahead of the 10th…
Tinubu Accepts Resignation Of Uche Nnaji As Minister
PRESIDENT Bola Ahmed Tinubu has accepted the resignation of Geoffrey Uche Nnaji, the Minister of Innovation, Science, and Technology, following some allegations against him.
President Tinubu appointed Nnaji in August 2023.
He resigned…