September 20, 2016 By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) on Tuesday retained its benchmark interest rate at 14 percent and cash reserve ratio (CRR) AT 22.5 percent. This is coming on the heels of the 252nd meeting of the MPC which […]
Updates
Another welcome slowdown in month-on-month inflation
Culled—-Proshare September 20, 2016/FBNQuest Research The latest inflation report from the NBS shows the seventh successive acceleration in the headline rate, to 17.6% y/y in August from 17.1% the previous month. Our own contribution to wire service polls of analysts was a rate of 17.4% y/y. There was an increase […]
The Prevention of Exposures to Banks through Payments Solutions
September 20, 2016/NSE The Bank has observed the growing exposure of banks on payments solution service providers’ platform, due to operational failures. In furtherance of its responsibility for effective oversight of the payments system, and the need to address the issue, the bank hereby direct as follows: 1. All Banks […]
