July 25, 2017/CBN Background The Monetary Policy Committee met on the 24th and 25th of July 2017, against the backdrop of a relatively improving global economy. However, protectionism in trade and immigration; fragilities in the financial markets, remain the key risks to global economic stability. On the domestic front, the […]
Money Market
Exciting New Features on FirstBank’s FirstMobile Application
July 24, 2017/First Bank of Nigeria Ltd First Bank of Nigeria Limited has implemented new and exciting features on its mobile banking application – FirstMobile to enhance security and customers’ digital banking experience. The new features are The Card-in-Control functionality, the Quick Response (QR) Code, the Transaction receipt and Save […]
Nigeria’s Monetary Policy Committee Leaves Rate Unchanged at 14%
By Kingsley Ogunwa InvestAdvocate Lagos (INVESTADVOCATE)-The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday at its 257th meeting (fourth this year),retained the Monetary Policy Rate (MPR) at 14 percent. Apart from the MPR, the MPC also retained the Asymmetric corridor around the MPR at +200/-500bps; […]
