CBN to sustain liquidity mop up as N172bn hits interbank market
THE Central Bank of Nigeria, CBN, is expected to sustain its liquidity mop up activities this week in response to inflow of N172 billion into the interbank money market.
Economic activities resume expansion —CBN report
The level of economic activities in Nigeria may have returned to expansion, though marginally, in March 2019 after a dip recorded last month.
Experts commend CBN for cutting lending rate to 13.5%
Two financial experts, Dr Samuel Nzekwe and Dr Titus Okurounmu, on Wednesday commended the Federal Government for reducing the benchmark lending rate from 14 per cent to 13.5 per cent.
N8bn CBN scam: Court dismisses defendant’s objection to EFCC evidence
Justice Nathaniel Ayo-Emmanuel of the Federal High Court, Ibadan, on Tuesday dismissed the objection raised by the second defendant, Muniru Olaniran, in the N8 billion CBN currency scam case.
Operators commend CBN’s review of minimum capital base for MFBs
Microfinance Bank operators in the country have commended the Central Bank of Nigeria, CBN, for reviewing the minimum capital requirement for the industry as well as the extension of the recapitalisation deadline.
MPC to retain policy rates as DMO floats N100bn bond auction
IN spite of the two months consecutive decline in inflation rate, improved stability of the exchange rate and decline interest rate on fixed income instruments, the Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, is expected to retain the Monetary Policy Rate, MPR, and other benchmark rates at same level at the end of its 266th meeting holding today and tomorrow.
