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…
Read More CBN Injects $186.5m for Invisible and SMEs segments
Category: Economy
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…
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I will resign if Nigeria still import fuel by 2019- Kachikwu
The Minister of state for Petroleum, Dr. Ibe Kachikwu has said he will resign from his current position if Nigeria continues with the importation of petroleum products by 2019. Kachikwu made…
Read More I will resign if Nigeria still import fuel by 2019- Kachikwu
S&P rates UBA ‘B/B’, the highest among Nigerian banks
The United Bank of Africa, UBA, has been rated ‘B’ long-term and ‘B’, short term by Standard and poor’s (S&P), an International rating agency. The ‘B’ rating is the highest currently…
Read More S&P rates UBA ‘B/B’, the highest among Nigerian banks