By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) on Tuesday retained Monetary Policy Rate (MPR) at 12 percent, Cash Reserve Ratio (CRR) at 22.5 percent and Liquidity ratio at 30 percent, while embracing a flexible foreign exchange market, according to Godwin Emefiele, governor […]
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Akinwumi Adesina reaffirms the commitment of the AfDB to support Africa in its quest to meet the energy challenge
23/5/2016/AfDB The 51st edition of the Annual Meetings of the African Development Bank (AfDB) and the 42nd meetings of its concessionary arm, the African Development Fund (ADF) commenced on Monday, May 23 in Lusaka, Zambia, with a press conference hosted by the AfDB President, Akinwumi Adesina. During his fruitful exchange […]
EXCLUSIVE: Nigeria To Officially Devalue Naira To N250 – $1
May 24, 2016/The Will The Central Bank of Nigeria (CBN) will today announce the devaluation of the naira to N250 – $1, authoritative sources familiar the development have said. The CBN is presently holding a monetary policy committee (MPC) meeting in Abuja. The apex bank will formally announce the development […]
