IMF Recommends Further Increase in Nigeria’s Monetary Policy Rate by CBN
The International Monetary Fund (IMF) has recommended that the Central Bank of Nigeria (CBN) consider a further increase in the Monetary Policy Rate (MPR) at the next meeting…
CBN postpones MPC meeting again
The Central Bank of Nigeria (CBN) has once again postponed the meeting of its Monetary Policy Committee (MPC) despite the surge in inflation. The meeting, originally scheduled for…
Investors lose N1.4 trillion in Q3
In the third quarter, investors lost N1.484 trillion in the equity sector of the capital market as a result of rising interest rates, insecurity, and other domestic economic…
The Central Bank of Nigeria has begun debiting the account of its defaulters
Under its development financing operations, the Nigerian Central Bank is debiting the accounts of its defaulters. The director of development finance of the CBN, Yusuf Yila, said on…