A financial expert, Uche Uwaleke, says it is an “overkill’’ to increase the country’s Monetary Policy Rate (MPR) to 22.75 per cent from 18.75 per cent. Mr Uwaleke, a professor…
Read More CBN increasing MPR by 400 basis points is overkill; will hurt banks, real sector, experts warn
-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
Our reporter/ The Central Bank of Nigeria (CBN) on Tuesday commenced sale of dollars to Bureax De Change (BDC). According to a statement by the apex bank’s director, trade and…
Read More CBN resumes sale of dollars to BDCs
The Central Bank of Nigeria (CBN) has scheduled its first Monetary Policy Committee (MPC) meeting with Yemi Cardoso as governor for Monday and Tuesday. Some economic experts have projected that…
Read More Experts expect tighter monetary policy ahead of CBN’s first MPC meeting under Cardoso
Our reporter/ The Central Bank of Nigeria (CBN) has said that foreign exchange sellers to Bureau De Change (BDC) of the equivalent of 10,000 dollars and above are required to…
Read More CBN mandates FX sellers of $10,000 and above to declare sources