Cardoso: Why CBN took market by surprise on interest rate
Bangkok, Thailand: The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has explained why the apex bank’s latest monetary policy decision took the market by surprise, saying the need to correct a faulty monetary policy transmission mechanism, alongside improving macroeconomic conditions, informed the move.
StarTimes slashes prices of antenna, decoder
Pay TV company, StarTimes has announced a price reduction on its Digital terrestrial television DTT Antenna and Standard definition, SD decoder respectively.
Kano Governor hails Dangote for industrialisation drive in Africa
Governor of Kano state, Dr. Umar Ganduje, has commended the President of Dangote Industries Limited, Aliko Dangote for his industrialisation drive in Africa.
Nigerian, Moroccan stockbrokers sign MoU on inter-connectivity
In a strategic move to establish a seamless relationship between the Nigerian Stock Exchange (NSE) and its Casablanca counterpart, the two exchanges’ operators, under the aegis of Association of Stockbroking Houses of Nigeria (ASHON) and Association Professionnelle des Sociétés de Bourse (APSB) of Morocco have signed Memorandum of Understanding (MoU).
Stakeholders oppose 1% contribution to navy from NIMASA’s funds
Stakeholders in the Nigerian maritime industry have opposed moves by the Nigerian Navy seeking amendment to the Nigerian Maritime Administration and Safety, NIMASA, Act which would require NIMASA to contribute one percent of its revenue to the Nigerian Navy.
Interbank money market resists N90bn liquidity mop up
Efforts by the Central Bank of Nigeria (CBN) to mop-up liquidity from the interbank money market proved abortive as the N90 billion treasury bills (TBs) issued on Monday was undersubscribed by 47 percent.
