March 23, 2021 By InvestAdvocate Lagos (INVESTADVOCATE)-The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR) at 11.5 percent. Also, the Liqudity Ratio and Cash Reserve Ratio (CRR) at 30 percent and 27.5 percent respectively. Details later…..
Updates
Canada, AfDB Sign CAD 133 Million Gender Lens Climate Fund for Africa
The Bank has committed to providing $25 billion in climate financing by 2025 March 23, 2021/AfDB The Government of Canada and the African Development Bank have signed an agreement formalizing the Canada–African Development Bank Climate Fund (CACF), a transformative special fund aimed at providing concessional loans to climate change-related projects […]
FAAC Pays Out N619.34 Billion in January 2021-NBS
March 22, 2021/NBS The Federation Account Allocation Committee (FAAC) disbursed the sum of N619.34bn to the three tiers of government in December 2020 from the revenue generated in January 2021. The amount disbursed comprised of N437.26bn from the Statutory Account, N3.83bn as Exchange Gain Difference, N6.90bn from Distribution of FOREX […]
