As the Central Bank of Nigeria’s Monetary Policy Committee (MPC) prepare to commence its last meeting for 2016 tomorrow, the CBN Governor, Mr. Godwin Emefiele, has signalled the likelihood of the retention of the monetary policy rate (MPR), the benchmark interest rate. Emefiele, who gave...

About four months after it disengaged about 200 of its workers, Skye Bank Plc has retrenched about 50 members of staff, including those in outsourced and auxiliary functions. Although the number of the affected non-core employees could not be ascertained since they were not direct...

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has said that Kebbi and Niger states may generate two million metric tonnes of rice at the end of the season and reduce level of rice importation. Emefiele gave the indication while inspecting...

The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, has said the apex bank has fully deployed all conventional and non-conventional monetary policies in the wake of the country’s slip into recession, but regrets that the problem is not caused by monetary issues. Emefiele said...

…Banks have strong capital buffers, says CBN The Central Bank of Nigeria has raised concerns about what it called the indiscriminate and suspicious manner some bank customers were spending dollars and other foreign currencies abroad through their naira debit cards. Consequently, the regulator said it had...

The naira continued its appreciation on the parallel market yesterday as it climbed to N468 to the dollar from N470 to the dollar the previous day, following the implementation of an arrangement that saw the intervention of Travelex in the Bureau De Change (BDC) ...