By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) says Nigeria’s inflation rate has dropped for six months straight, hitting 18.02 per cent in September; its lowest point in three years. The CBN Governor, Yemi Cardoso, said this in a statement on Thursday in Washington. Cardoso cited new data, releasedContinue Reading
By Lucy Ogalue The Independent Media and Policy Initiative (IMPI) has welcomed the decision of the Central Bank of Nigeria (CBN) to reduce the Monetary Policy Rate (MPR) to 27 per cent. Dr Omoniyi Akinsiju, IMPI Chairman, said this in a statement on Wednesday in Abuja. Akinsiju said that theContinue Reading
By Emmanuel Oloniruha An Economist, Dr Augustine Kutu, has advised the Federal Government, Central Bank of Nigeria (CBN), and policymakers to address concerns of Nigerians on the new charges on bank transactions. Kutu, an Assistant Professor, University of Western Ontario-Canada, gave the advice in an interview with the News AgencyContinue Reading
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) says it has sanctioned some Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs), during the yuletide season. According to a statement by Hakama Sidi-Ali, CBN’s Director, Corporate Communications Department, this is aContinue Reading
By Kadiri Abdulrahman The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has further raised interest rate by 25 basis points to 27.50 per cent from 27.25 per cent. The Governor of the CBN and Chairman of the MPC, Yemi Cardoso, announced the raise on Tuesday inContinue Reading
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) has warned Nigerians about fraudsters claiming to have received contract award letters for construction projects. According to a statement by CBN’s Acting Director, Corporate Communications Department, Mrs Hakama Ali, the fraudsters also usually lay claims to procession of special financial interventionsContinue Reading
