The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) concluded its two-day meeting in Abuja on Thursday, retaining key monetary interest rates. Specifically, with all the 11 members of the committee voting in concurrence, the MPC retained the MPR benchmark rate at 14 percent and retained the asymmetric corridor at +200 and […]
The Central Bank of Nigeria (CBN) has directed deposit money banks to henceforth provide credits at nine percent fixed interest rate in projects funding in agriculture and manufacturing sectors of the nation’s economy. The apex bank’s Director of Banking Supervision, Abdullahi Ahmad, who made this disclosure on Thursday at the end of the Bankers’ Committee […]