Expert Expects Retained Rates As CBN Holds MPC
Ahead of the two-day Monetary Policy Committee meeting starting on Monday (today), a financial expert has said the Central Bank of Nigeria is expected to retain the Monetary Policy Rate.
The CBN had at its meeting in May...
Nigeria Going through Its Worst Unemployment Crisis - W/Bank
Nigeria is currently going through one of its worst unemployment crises in recent times, a new report by the World Bank has stated.
The multilateral institution also noted that the socio-economic challenges facing Nigerians in the last...
Economy Shrank In May Amid Low Purchasing Power – CBN
The Purchasing Managers Index revealed that the Nigerian economy contracted in May, according to data obtained from the Central Bank of Nigeria on Thursday.
The personal statements of some members of the Monetary Policy Committee indicated...
COVID-19 Wiped Off $5bn Diasporan Remittances - FG
THE Federal Government has said that the COVID-19 pandemic has wiped off 20 per cent from the $25bn annual diasporan remittances to Nigeria.
The government noted that various targeted programmes were being implemented to shore up the deficit.
Disclosing...
Reps Recommend Arrest Warrants On Kyari, Emefiele, 52 Others
The Committee on Public Accounts has prayed the House of Representatives to issue warrants of arrest on Governor of the Central Bank of Nigeria, Godwin Emefiele; Group Managing Director of the Nigerian National Petroleum Corporation, Melee...
FG Suffers N1.4trn Shortfall Despite Aggressive Revenue Drive
Between January and May 2021, the Federal Government recorded a revenue shortfall of N1.4tn, an analysis of the Medium Term expenditure framework and Fiscal Strategy paper for 2022-2024 has shown.
According to the report obtained from the Budget...
