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There is need to review Nigeria’s fiscal policy — FBN Ins boss

The economy has actually influenced and impacted on our business and the delay in the release of the budget also impacted negatively on the business.  Recently, the Central Bank of Nigeria, CBN, said that if care is not taken, the economy might go back into recession.  So business thrives only when the economy is moving on a positive side. In essence, all efforts must be made for the economy not to move back into recession.

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Michael Larbie

Political standoffs will not affect policy continuity in Nigeria — Larbie

Michael Larbie is the Chief Executive Officer of Rand Merchant Bank Nigeria, a subsidiary of the South Africa based FirstRand Group. In this interview Labie speaks on the bank’s effort to distinguish itself in the intensely competitive Nigerian banking industry. He also spoke on the forthcoming general election and its impact on the economy.

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CBN

CBN to intensify liquidity mop up as interbank receives N552bn inflow

THE Central Bank of Nigeria (CBN) is expected to intensify efforts to mop up liquidity from the banking system this week in response to inflow of N552 billion from matured treasury bills (TBs). Last week, the apex bank issued secondary market (Open Market Operations, OMO) TBs to mop up N316.23 billion from the interbank money market following the inflow of N375.98  billion from matured TBs

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