The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at eleven point five per cent. The CBN Governor, Godwin Emefiele, disclosed this to newsmen after the committee’s two-day meeting in Abuja. Other parameters left unchanged by the CBN are the Cash Reserve Ratio and Liquidity Ratio at twenty-seven point five…
President Muhammadu Buhari has unveiled Nigeria’s first ever digital currency – the E-Naira, which is also the first of its kind in Africa. President Buhari performed the ceremony at the Presidential Villa in Abuja alongside Vice President Yemi Osinbajo, and the Governor of the Central Bank of Nigeria, Godwin Emefiele, among other dignitaries. In his remarks, President…
The Federal Government has admitted that Nigeria is facing a serious economic challenge. As a result of this challenge, state governments have been advised to look for means to increase their internal revenue generation. This was made known by the Minister of Finance, Budget and National Planning, Zainab Ahmed. Ahmed, who spoke on a television programme yesterday,…
The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at eleven point five percent. The Governor of the Central Bank of Nigeria, Godwin Emefiele, made the announcement at a media briefing after the meeting of the MPC. Emefiele said the MPC expects to see improvement in the economy through sustained…
The Senate has summoned the Governor of the Central Bank of Nigeria, Godwin Emefiele. The CBN Governor is expected to brief the federal lawmakers about the suspension of bank accounts that are used for cryptocurrency transactions. The Senate took the decision based on a motion by Senator Istifanus Gyang in reaction to the CBN’s directive to financial…
The Senate has summoned the Governor of the Central Bank of Nigeria, GODWIN EMEFIELE. The CBN Governor is expected to brief the federal lawmakers about the suspension of bank accounts that are used for cryptocurrency transactions. The Senate took the decision based on a motion by Senator ISTIFANUS GYANG in reaction to the CBN’s directive to financial…