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Why We Introduced New Monetary Policy Measures – Emefiele

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Friday made elaborate clarifications on why the apex bank came up with sundry monetary policy measures in recent weeks, saying that the steps are intended to sustain transparency in  financial system transactions, deepen financial inclusion and give the cashless policy a new […]

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CBN Retains 13.5% MPR, Promises To Intensify Financial Inclusion Drive

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) rose from its two-day meeting in Abuja on Friday with a decision to retain all the key benchmark interest rates. Specifically, the committee retained the Monetary Policy Rate (MPR) at 13.5 percent and other lending rate indices, including the asymmetric corridor around the […]

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CBN Attributes Nigeria’s Recession Concerns To Low Output, Joblessness

The Central Bank of Nigeria on Tuesday warned that weak economic fundamentals, particularly low industrial output and rising unemployment rate, could reverse the growth trajectory of the nation’s economy and if not properly managed, plunged it into another recessionary era. The apex bank governor, Godwin Emefiele, who gave the warning after the two-day meeting of […]