Inflation: CBN should maintain tight monetary policy – Experts
The inflation figures released last week by the National Bureau of Statistics, NBS, which show that prices of goods and services are still rising, indicate that the Central Bank of Nigeria (CBN) will maintain its tight monetary policy, when its Monetary Policy Committee (MPC) meets today, said financial experts.
Cement price escalates, as group faults import levy
The price of cement, a premium building material in Nigeria, has risen in the open market with the price of a 50-kilogramme bag of the product rising from N1,500 in August to about N1,700, an increase of just over 13 percent.
Eagles begin as favourites
Nigeria open their Africa Cup of Nations account as clear favourites in their group C clash against Burkina Faso in Nelspruit today.
3 remanded over kidnap of 9 children in Ebonyi
ABAKALIKI—Three persons were, weekend, arraigned before a Magistrate Court in Abakaliki on a four- count charge relating to the recent of kidnappings of over 9 kids at Ishiagu in Ivo local government area of Ebonyi State last December 2012.
Apo resettlement: Abuja indigenes seek implementation of report
The original inhabitants of Garki in the Federal Capital Territory, FCT, have urged the Federal Government to implement the report of the Ministerial Committee on Apo Resettlement Scheme. The committee was headed by the Solicitor General of the FCT, Mrs. Helen Oloja.
N20bn contract: Anenih has a case to answer – Reps
The House of Representatives will this week invite former Works Minister, Chief Tony Anenih, to explain his role in an alleged N20 billion contract scam.
The paradox of too much money and deepening poverty
The first anniversary of the 2012 “Occupy Nigeria” fuel subsidy protest was marked recently in Lagos by Pastor Bakare-led ‘Save Nigeria Group’ with a lecture titled “Nigeria’s Fiscal and Monetary Crisis: the Way Forward”. The occasion afforded Central Bank of Nigeria (CBN) the opportunity to publicly defend its failure to create an enabling environment for industries and businesses to bloom, in consonance with its core mandate for price stability. The major indicators of price stability, of course, relate to conducive low single-digit interest rates for bank loans and an even lower rate of inflation.
FG appoints Ag. MD for FMBN, to reconstitute board soon
The federal government has appointed an acting Managing Director for the Federal Mortgage Bank of Nigeria (FMBN), following the dissolution of the board of the country’s apex mortgage bank two weeks ago.
Zambia begin title defence against Ethiopia
Zambia kick off the defence of their 2012 Africa Cup of Nations crown against minnows Ethiopia at the Mbombela Stadium today.
Microfinance instrumental to poverty eradication
Developing countries like Nigeria can use microfinance initiative to address poverty by widening people’s access to finance especially the active poor.
LG workers’ salaries: Plateau govt denies lodging money in wonder bank’
Jos—The Plateau State Government has dismissed speculations that it had been unable to pay the three months salaries promised local government workers who called off a prolonged strike last year because the money was deposited in a distressed wonder finance house.
