24/7/2017/Reuters Ghana’s central bank cut its benchmark interest rate by 150 basis points to 21.0 percent on Monday, citing a downward trend in consumer inflation and the potential for higher economic growth on increasing oil output. The cut, which economists had expected, reflected lower risks to inflation helped by a […]
Money Market
CBN sells $195m ahead of MPC decisions
July 25, 2017/Punch Oyetunji Abioye Ahead of the decisions of the Monetary Policy Committee on Tuesday, the Central Bank of Nigeria on Monday boosted liquidity in various segments of the inter-bank foreign exchange market with a total of $195m. At Monday’s forex trading, the CBN offered the sum of $100m […]
CBN returns N51.9bn illegal deductions to bank customers
July 25, 2017/Punch Chukwudi Akasike The Central Bank of Nigeria has said that it has recovered over N51.9bn illegally deducted by commercial banks and returned it to the customers. The CBN stated that the amount was illegally removed from the accounts of bank customers across the country in the past […]
