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Ex-CBN Director Urges FG to Intensify Efforts To Strengthen Nation’s Economy

By Kolawole Olayinka, Abeokuta The former Director, Budgetary Department of the Central Bank of Nigeria (CBN) , Dr Titus Okunrounmu, has called on the Federal...

MPC Retains Status Quo On Its Policy Parameters

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has retained Monetary Policy Rate (MPR) at 12.5 per cent and held...

Clarity In NDIC, CBN Roles In Proposed Ammendment Of BOFIA Critical...

In a bid to establish effective legal instruments to secure the safety and stability of the nation’s financial system, there is a need to...

CBN Bans Maize Importation To Boost Local Production

The Central Bank of Nigeria (CBN) has directed all authorised dealers to immediately discontinue the processing of Forms M for maize/corn importation into the...

OGSG, CBN Partner to Boost Oil Palm Production

By Kolawole Olayinka, Abeokuta The Central Bank of Nigeria (CBN) has expressed readiness to collaborate with the Ogun State Government, towards boosting oil palm production. Commissioner...

ICAN New President Promises to Partner with Govt on National Values,...

The Institute of Chartered Accountants of Nigeria (ICAN) has elected new officers to run its affairs for the next one year. Dame (Mrs.) Onome...

Manufacturing PMI Crashes to 42.4 Index Points in May, Says CBN

The Central Bank of Nigeria (CBN) has said that the Manufacturing Purchasing Managers Index, (PMI) dropped to 42.4 index points in May, indicating contraction...

UPDATE: MPC Cuts Interest Rate By 100bps To 12.5%

The Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) on Thursday were faced with the choice of reducing or leaving policy parameters...

JUST IN: MPC Cuts Interest Rate To 12.5%

The Monetary Policy Committee (MPC) members of Central Bank of Nigeria (CBN) on Thursday reduced interest rate to 12. 5 per cent from 13.5...

CBN Reduces Interest Rates On OFIs Facilities To 5%

In a bid to curtail the impact of the coronavirus pandemic on households, businesses and regulated institutions, the Central Bank of Nigeria (CBN), has...
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