Former Minister of Finance, Mrs Ngozi Okonjo-Iweala, has said that growth and development cannot be achieved when a country has distortions in its foreign exchange rates. Speaking at the launch…
Read More You can’t achieve growth with forex distortions, Okonjo-Iweala warnsCategory: Economy
Nigeria will be out of recession in September- Emefiele
The Governor of Nigeria’s Central Bank, Mr. Godwin Emefiele said that he is confident Nigeria will get out of recession by September 2017. The Apex bank governor made the declaration…
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CBN Injects $186.5m for Invisible and SMEs segments
Following the conclusion of the Monetary Policy Committee Meeting on Tuesday, May 23, 2017, the Central Bank of Nigeria (CBN) has injected the sum of $186.5million into the invisible and…
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CBN, MPC retains interest rates at record high to stabilise naira gain
The Central Bank of Nigeria’s Monetary Policy Committee, MPC, Tuesday voted to retain key interest rate at a record 14 percent even as it seeks a convergence in the Country’s…
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CBN intensify supply into forex market with $255m
The central Bank of Nigeria on Monday, ahead of the outcome of the ongoing monetary policy meeting, MPC, in Abuja, injected over $250m into the foreign exchange market. A breakdown of…
Read More CBN intensify supply into forex market with $255m