By Ademola Alawiye Thursday, 27 Jan 2011 Financial analysts have expressed divergent views on the new benchmark interest rate announced by the Monetary Policy Committee of the Central Bank of Nigeria on Tuesday. In a move aimed at checking inflation ahead of the April elections, the committee increased the MPR […]

By Ifeanyi Onuba, Abuja Thursday, 27 Jan 2011 Strong indications emerged on Wednesday that the Central Bank of Nigeria might ask Deposit Money Banks to increase the interest rate on all savings deposit accounts. Our correspodent gathered, shortly after the two-day Monetary Policy Committee meeting, that members of the committee […]

By Ifeanyi Onuba, Abuja Thursday, 27 Jan 2011 Strong indications emerged on Wednesday that the Central Bank of Nigeria might ask Deposit Money Banks to increase the interest rate on all savings deposit accounts. Our correspodent gathered, shortly after the two-day Monetary Policy Committee meeting, that members of the committee […]