The CBN Monetary Policy Committee (MPC) has again retained the Monetary Policy Rate (MPR) at 14 per cent due to uncertainties in some areas of the country and the global…
Read More Why MPC retained interest rate at 14% – Emefiele
Category: Economy
CBN injects $195m into Forex market Ahead of MPC Decisions
…Offers $100m to Wholesale segment; …SMEs window receives $50m boost; …BTA, others get $45m Ahead of the decisions of the Monetary Policy Committee (MPC) on Tuesday, July 25, 2017, the…
Read More CBN injects $195m into Forex market Ahead of MPC Decisions
Sterling Bank struggles with rising impairment as loans decline
More Sterling Bank’s debtors are not paying back their debts as the size of the bank’s loans and advances reduces. The bank’s financial statements for the first months of 2017…
Read More Sterling Bank struggles with rising impairment as loans decline
NIMASA commences 24- hour turnaround time for issuing debit notes
In compliance with the Presidential directive on the resumption of 24- hour port operations in Lagos ports, the Nigerian Maritime Administration and Safety Agency (NIMASA) has commenced a 24- hour…
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KLT Customs intercepts N20m worth of substandard cable
The Kirikiri Lighter Terminal command of the Nigeria Customs Service has intercepted a 20ft container laden with substandard fire resistant cables with duty paid value of about N20million but which…
Read More KLT Customs intercepts N20m worth of substandard cable