Banking Business Economy Money

CBN reschedules September 2019 MPC meeting

Ihesiulo Grace 18 September 2019 0

Temitope Adebayo The Central Bank of Nigeria (CBN) has rescheduled its September 2019 Monetary Policy Committee (MPC) meeting by one week. The Director of Corporate Communications, Isaac Okoroafor disclosed this in a statement released on Tuesday. Okoroafor noted that the meeting earlier

Business Food & Nutrition

Review forex restriction for milk importation, NECA charges CBN

Ihesiulo Grace 2 August 2019 0

Motolani Oseni The Nigeria Employers’ Consultative Association (NECA) on Thursday has called on the Central Bank of Nigeria (CBN) to, in the interim, suspend the planned foreign exchange restriction for milk importation. Speaking at a Business Forum in Lagos, Director-General of NECA, Mr Timothy Olawale, explained on the need to gauge the suitability or otherwise […]

Business Money Money

Forex: Naira gains marginally at official, parallel markets

Ihesiulo Grace 23 July 2019 0

…As traders eagerly awaiting outcome of MPC meeting today Motolani Oseni The Nigerian currency, Naira at the close of yesterday trading activities strengthened against the US Dollar at both the official and unofficial foreign exchange markets. This is even as activities at the market on Monday remained slow, due to the anticipation of the likely […]

Banking Business Money Money

CBN limits top 4 commercial banks deposits to boost lending- Analysts

Ihesiulo Grace 12 July 2019 0

Motolani Oseni As part of efforts to reduce access to its Standing Deposit Facility (SDF), a group of analysts at ARM research have said the Central Bank of Nigeria (CBN) is limiting the top four Tier 1 commercial banks access to its facility. The apex bank had issued a circular, stressing that, “remunerable daily placements […]

Business

ABCON backs CBN’s monetary policy, financial stability roles

Ihesiulo Grace 6 March 2019 0

The Association of Bureaux De Change Operators of Nigeria (ABCON) has reinforced its support for the Central Bank of Nigeria’s (CBN) financial stability and monetary policy functions. In a statement released yesterday, ABCON President, Alhaji (Dr) Aminu Gwadabe said the apex bank under Governor Godwin Emefiele has achieved financial stability and promoted monetary