The Monetary Policy Committee (MPC) met on January 19 and 20, 2015 against the backdrop of challenging external conditions and downside risks…
Economy
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On Sunday the federal government reduced petrol price to N87 from N97 it previously sold. Reduction of fuel prices is a welcome…
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The recent decisions of the Central Bank of Nigeria (CBN) to further tighten money supply have heightened competition for the retail segment…
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The Bank of Industry and other local investors have injected N1.56 billion on two rice mills and farms promoted by the former…
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The German Development Bank – KFW has earmarked $200 million to support the development of renewable energy in the country. The leader…
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The Ajaokuta Steel Company Ltd. (ASCL), in Kogi, is not moribund, the Sole Administrator of the firm, Mr Joseph Isah, has said.…
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The African Development Bank (AfDB) said on Thursday that it had approved five million dollars Line of Credit (LoC) to ABN Microfinance…
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Nigeria Interbank Settlement System (NIBSS) said that electronic payment through Point of Sale (PoS) terminals has risen by 191 percent to N241…
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The Federal Government has ordered automation of all agencies in the maritime sector of the economy as a way of controlling the…
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—naira devaluation to curb banks’ Eurobond desire —Russia rubble suffers 1.2% fall —10% depreciation in Kazakhstan’s tenge — Malaysia’s ringgit hit five-year…
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The Central Bank of Nigeria (CBN) said that it would withdraw N500 billion from the banking system through the recent increase in…
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Asset Management Corporation of Nigeria (“AMCON”) said that it has successfully completed the sale of the entire issued and fully paid up…
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The Central Bank of Nigeria (CBN) said it would soon commence comprehensive review of electronic payment guidelines in the country. Deputy Governor,…
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–$73 crude benchmark, too optimistic —falling oil prices not responsible for deteriorating economy —Expect tough times ahead —Nigeria has done many things…
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—raised lending rate to 13 per cent —increased private sector cash reserved to 20% —Retain public sector cash reserve at 75% The…