The Central Bank of Nigeria’s Monetary Policy Committee will leave interest rates unchanged for the 17th time in a row on Tuesday as it tries to balance controlling inflation and supporting the naira with fostering growth, Reuters reported quoting its pol
The Monetary Policy Committee (MPC) will be meeting on the 21st and 22nd July, 2014 (the first meeting to be chaired by the new CBN Governor, Godwin Emefiele) to discuss developments in the global and domestic economy and deliberate on appropriate monetar
Further to our Circular ref: FPRD/DIR/GEN/CIR/01/009 of June 23, 2014 on “New Requirements for the Operation of Bureau De Change in Nigeria”, the Central Bank of Nigeria, based on representations from stakeholders
In continuation/support of its recovery based on a strong emphasis on solid growths in key areas of its banking operations, Wema Bank Plc announced over the weekend the anticipated new credit lines/development finance for its customers.
Nigeria's central bank has intensified work to address the current state where it has inadvertently created a huge arbitrage in the FX market and consequentially, aided the dollarization of the economy.
The Central Bank of Nigeria, in a bid to correct observed deficiencies in the operation of Bureaux de Change (BDCs) in Nigeria which have led to gross inefficiencies and sharp practices in the foreign exchange market, has taken steps to check the growing