CBN

Nigeria’s inflation rate is expected to rise for the rest of this year till mid-2019, said governor of the Central Bank of Nigeria, Mr. Godwin Emefiele
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The Central Bank of Nigeria (CBN) on Monday offered $195m in three segments of the Foreign Exchange Market to boost liquidity in the operation. The CBN’s Acting Director, Corporate Communications Department, Mr Isaac Okorafor, in a…
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A breakdown of the forex intervention figures obtained from the Bank indicates that the Retail Secondary Market Intervention Sales (SMIS) received the largest allocation of $267,336,426.74. The CBN also offered the sum of $100,000,000 as…
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The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday retained the Monetary Policy Rate, which is the benchmark lending rate, at the current 14 per cent. The decision to leave the rate unchanged was contrary to…
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Senator Dino Melaye of the All Progressives Congress (APC), has called on President Muhammadu Buhari to take measures to remedy what he described as a “debilitating economic malaise” that is drifting Nigeria towards a “dangerous precipice.”…
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