By Our Correspondent Lagos (INVESTADVOCATE)-Again Nigeria’s Central Bank Monday retained its Interest Rate at 12 percent (12%) as part of the decisions taken at its Communiqué No. 87 of the Monetary Policy Committee Meeting of Monday January 21 2013. The CBN retained MPR at 12% with interest rate corridor of […]
World News
Heritage Bank Commences Validation of SGBN Account Holders
The newly licensed Heritage Bank Limited has announced the commencement of validation exercise for old account holders of former Societe Generale Bank Limited (SGBN). The core investors in former SGBN had adopted the adopted Heritage Bank as its trading name. According to a statement signed by the Group Head, Corporate […]
MPC meeting: Lending rate may remain untouched
There are indications that the Monetary Policy Committee of the Central Bank of Nigeria may not increase the benchmark lending rate in the next MPC meeting. Analysts, who spoke with our correspondents in separate interviews on Friday, said that most of the variables would be maintained. However, they said the […]
