CBN Battles Recession, Raises COVID-19 Facility To N300bn       Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday said the bank would raise its COVID-19-targeted facility from N150 billion to N300 billion in order to accommodate more Nigerians in a bid to cushion the impact...

CBN Rebukes Those Using Parallel Market To Push For Naira Devaluation       Those using parallel market rates to put pressure on the Central Bank of Nigeria (CBN) to devalue the Naira won’t have their way. The CBN Governor, Mr. Godwin Emefiele gave this indication at the end...

Quality Investment Windows Few, Lending Rates High – Experts     Experts have said the new interest rate policy of the Central Bank of Nigeria on savings accounts will discourage people from saving and encourage investment. Some of the experts, who spoke on the policy, said quality investment...

CBN Retains Interest Rate At 12.5%     The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has held the Monetary Policy Rate (MPR) constant at 12.5%. This was disclosed by Governor, CBN, Godwin Emefiele while reading the communique at the end of the MPC meeting...

Analysts Forecast Higher Inflation Rates     Economists and development analysts at the Centre for the Study of Economies in Africa (CSEA) have projected that the nation’s inflation rate may surge further in the months ahead as the various fiscal stimulus packages deployed to combat the pandemic...

Experts Tie MPR Review to 2018 Budget Approval Financial experts have expressed optimism that the Monetary Policy Committee (MPC) would review the monetary policy rates(MPR)  at its subsequent meetings when the 2018 budget would have been passed.They told newsmen in Lagos while reacting to the...