The Central Bank of Nigeria, CBN, has resolved to retain all monetary policy rates, amid fears the new U.S. government’s decision to review trade agreements with most countries could negatively impact global economy. At the end of the Monetary Policy Committee meeting, the monetary policy...

The latest report released by the National Bureau of Statistics (NBS) revealed that the Consumer Price Index (CPI) which is basically seen as the inflation rate has yet again increased from the 17.1 percent recorded in July to 17.6 percent in August. This is...

The 252nd Meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) starting tomorrow will be the first since Nigeria economy officially drifted into a recession. A number of Nigerians are expecting the CBN to introduce monetary policies that would help...

Bank customers with existing loan obligations must brace for higher levels of indebtedness as the Deposit Money Banks have begun an upward review of the interest rates on all outstanding loans. The development followed Tuesday’s increase of the Monetary Policy Rate from 12 per cent...

• Emefiele: No intention to convert domiciliary accounts to naira, promises improved forex supply Obinna Chima in Lagos and James Emejo in Abuja The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday resolved to raise the Monetary Policy Rate (MPR) otherwise...