Tag: Finance

CBN’S MPC retains existing rates; blames insecurity for food inflation
CBN’S MPC retains existing rates; blames insecurity for food inflation

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…

Senate summons CBN Governor over ban on cryptocurrency
Senate summons CBN Governor over ban on cryptocurrency

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…

Ekiti State gets New Finance and Health Commissioners
Ekiti State gets New Finance and Health Commissioners

Ekiti State Governor, KAYODE FAYEMI, has appointed two new members into his cabinet. They are AKIN OYEBODE, who resumes as Commissioner for Finance, and BANJI FILINA, who steps in as Commissioner for Health. OYEBODE and FILANI have both been sworn-in during a brief ceremony in the state capital, Ado-Ekiti. Meanwhile; Governor FAYEMI has been going round the…

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