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Naira in upswing as CBN targets convergence

With the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) meeting this week, the Naira continued its strong run against the United States dollar at the weekend, underscoring the resolve of the apex Bank to achieve convergence of rates between the...

Policy issues: CBN, Finance Ministry rift deepens

Hopes of unanimity of positions and harmony of fiscal and monetary policies appear dim following an alleged demand for a review of the powers of the Central Bank of Nigeria, CBN, by the Ministry of Finance. Minister of Finance, Mrs. Kemi Adeosun and Governor...

Monetary, fiscal authorities agree on harmonisation of policies

Desirous of sustainable monetary and fiscal collaboration in efforts to pull the economy out of the current crisis, the leadership of the Central Bank of Nigeria (CBN) and the ministries of Finance, Budget and National Planning as well as Trade and Investment, at weekend,...

Reduce benchmark interest rate, NECA tells CBN

Employers under the aegis of the Nigeria Employers’ Consultative Association have decried the retention of the nation’s Monetary Policy Rate at 14 per cent, saying it had increased the cost of business financing. Speaking on the state of the economy at a press conference in...

MPC Meets Today, to Discuss Inflation, Exchange Rate

The Central Bank of Nigeria’s Monetary Policy Committee will hold its first meeting for the year today and Tuesday to review developments in the economy and probably set a new direction for growth this year. The 11 members of the MPC meet once in two months...

Finance Minister: Take It Easy

The news conference by the Honourable Minister of Finance, Mrs. Kemi Adeosun on Thursday, December 1, 2016, an outcome of an audit exercise carried out and that a committee in the Office of the Accountant General of the Federation has been set up, in...