The Central Bank of Nigeria (CBN) on Thursday, March 23, 2017, offered the sum of $100 million to meet the requests of wholesale customers, out of which $91 million was…
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Category: Economy
Costs of War: Nigeria spent $2.6bn in 2016 to fight Boko Haram – Olonisakin
Chief of Defence Staff, General Abayomi Olonisakin has announced that Nigeria spent more than $2.6 billion in curbing the humanitarian effects of Boko Haram insurgency. Gen. Olonisakin made this statement…
Read More Costs of War: Nigeria spent $2.6bn in 2016 to fight Boko Haram – Olonisakin
CBN Communique No. 112 of the MPC Meeting – March 20-21, 2017
Background The Monetary Policy Committee met on the 20th and 21st of March, 2017, against the backdrop of persistent uncertainty in the global economy, stemming from economic and socio-political developments…
Read More CBN Communique No. 112 of the MPC Meeting – March 20-21, 2017
Breaking…CBN maintains key interest rate
At the end of Tuesday’s monetary policy meeting(MPC), The Central Bank of Nigeria (CBN) left key rates unchanged in a bid to keep up the battle against inflation. MPC said…
Read More Breaking…CBN maintains key interest rate
AMCON sells Keystone Bank
The Asset Management Corporation of Nigeria (AMCON) Monday announced that it has sold Keystone Bank, one of Nigeria’s troubled commercial banks. Keystone Bank, AMCON said, was sold to Sigma Golf Nigeria…
Read More AMCON sells Keystone Bank