…Takes pre-emptive measures to sustain economic growth …Retains MPR at 14% for 11 consecutive time, CRR at 22.5% The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has advised the Federal Government to take advantage of the increasing oil price at the international market to cut its excessive spending and save more […]
The President/Chairman of Council of Chartered Institute of Bankers of Nigeria (CIBN), Professor Segun Ajibola, has again stressed the importance of bank credit in engendering growth and development in an economy. Prof. Ajibola, noted that indeed, banks play an important and active role in the economic development of a country. The erudite scholar of economics, […]
Financial experts Wednesday advised the Federal Government to strengthen the current monetary and fiscal policies which exited the country out of economic recession. The experts gave the advice in separate interviews with the News Agency of Nigeria (NAN) in Lagos while reacting to the second quarter report of National Bureau of Statistics (NBS) which indicated […]