Why court ordered banks to unfreeze accounts of 20 alleged #EndSARS promoters
The Federal High Court sitting in Abuja, on Wednesday, vacated an order is made on November 4, 2020, which directed banks to freeze accounts that were linked to 20 alleged promoters of the #EndSARS protest that rocked the nation last year.
MPC retains MPR at 11.5% in first 2021 meeting
The Central Bank of Nigeria (CBN) on Tuesday held its 277th Monetary Policy Committee (MPC) meeting, the first in 2021, where members voted unanimously to retain the Monetary Policy Rate (MPR) at 11.5 per cent. Mr Godwin Emefiele, Governor of the CBN disclosed this while reading the communiqué from the meeting. Emefiele said the MPC also agreed […]
CBN advises against total lockdown as COVID-19 infections soar
The Central Bank of Nigeria (CBN) has advised against complete lockdown of the economy as a way of curbing the second wave of the COVID-19 pandemic.
CBN announces appointment of 3 Pre-Shipment Inspectors
The Central Bank of Nigeria (CBN) has announced the appointment of three Pre-Shipment Inspectors (PIAs) for non-oil export sector. They are Angila International Limited with the responsibility to cover North-West and North Central Zones; Neroli Technologies Limited will cover South-West and South-South; while Gojopal Nigeria Limited has been assigned South-East and North-East. READ ALSO: Oyo: […]
CBN retains interest rate at 11.5% – Report
The monetary policy committee of the Central Bank of Nigeria (CBN) on Tuesday unanimously voted to retain the monetary policy rate (MPR), which determines interest rate, at 11.5 percent. TheCable reported that Godwin Emefiele, governor of the CBN, announced the committee’s decision at the end of its two-day meeting. READ ALSO: APC government behind disunity […]
MINDING THE GAPS: As CBN gets set to disburse N75bn youth fund
By Emeka Anaeto, Business Editor The key focus of Nigeria’s public policy executives at this time is, exiting recession as quickly as possible; and there seems to be a consensus around this focal point across even political and policy divides. Given the impact of COVID-19 on key macroeconomic variables, fiscal and monetary authorities took unprecedented […]
