By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The new Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Wednesday decided to retain Nigeria’s Monetary Policy Rate (MPR) at 14 percent for the ninth consecutive time. Similarly, the MPC retained the Cash Reserve Ratio (CRR) at 22.5 percent and the […]
Money Market
Ecobank Says Mobile App Reaches 4 Million Users Milestone in Africa
April 3, 2018/Ecobank The upgraded version of Ecobank’s revolutionary mobile app has attracted 3 million new customers in just 6 months, taking the total number of users to 4 million. The app builds on the core functionality that saw the original version applauded as a game changer for African […]
CBN Says Credit to Corporate Sector to Increase in Q2 2018
30/3/2018/CBN Executive Summary Supply: The availability of secured credit to households increased in Q1 2018 and was expected to increase in the next quarter. Favorable economic outlook was the major factor for the increase in the secured credit. Lenders reported that the availability of unsecured credit to households increased in […]
