The Central Bank of Nigeria (CBN) has indicated that it will immediately commence the refund of capital deposit to Bureaux de Change (BDC) applicants with pending applications. The apex bank disclosed this in a circular signed by Mr. Ibrahim Tukur for the Director, Financial Policy and Regulation Department. The circular stated the monetary stance was […]
The Central Bank of Nigeria (CBN) on Tuesday flawed the position of parallel market rates protagonists on real value of the nation’s currency, insisting that their pressure to devalue the Naira is not logical. The CBN Governor, Mr. Godwin Emefiele, made this vow at the end of the 2020 Monetary Policy Committee (MPC) meeting, in […]
The Central Bank of Nigeria (CBN) on Tuesday reduced its Monetary Policy Rate (MPR) from 14.0 per cent to 13.5 percent. The Governor of the apex bank, Mr. Godwin Emefiele, gave this hint while briefing journalists on the key decisions reached at the end of the two-day 226th Monetary Policy Committee’s (MPC’s) meeting held in […]
The Lagos Chamber of Commerce and Industry LCCI) on Thursday advised the Central Bank of Nigeria (CBN to prioritize achieving low interest rate over maintaining high monetary policy rate (MPR) in its monetary policy measures targeted at stimulating economic growth in the country. The Chamber hinged its stance on the fact that doing so would […]