Our reporter/ The Central Bank of Nigeria (CBN) on Tuesday raised the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75% amid soaring…
Read More CBN raises interest rate to 26.75%
Tag: #Cardoso
Recapitalisation will create stronger, resilient banks – Cardoso
Central Bank Governor, Olayemi Cardoso, has said that the bank will continue to collaborate with relevant financial institutions, the fiscal authorities and the National Assembly, to ensure a successful recapitalisation…
Read More Recapitalisation will create stronger, resilient banks – Cardoso
We are working to stabilise FX rate but there’ll be ups and downs – Cardoso
Our reporter/ The Central Bank of Nigeria Governor, Yemi Cardoso, has said that the volatility in the foreign exchange (FX) rate cannot end overnight, adding that there will be continuous…
Read More We are working to stabilise FX rate but there’ll be ups and downs – Cardoso
CBN allocates N100bn, two million bags of fertilisers to ministry of Agriculture
Our reporter/ The Central Bank of Nigeria on Wednesday allocated N100bn and 2.15 million bags of fertilisers to the Ministry of Agriculture, to cushion the effects of high prices of…
Read More CBN allocates N100bn, two million bags of fertilisers to ministry of Agriculture
I’m not responsible for Nigeria’s economic woes, says Cardoso
-CBN increases interest rate to 22.75% Our reporter/ The governor of the central bank of Nigeria (CBN), Olayemi Cardoso, on Tuesday distanced himself and his economic team from the current…
Read More I’m not responsible for Nigeria’s economic woes, says Cardoso