By Peter OBIORA InvestAdvocate New York (INVESTADVOCATE)- The Central Bank of Nigeria’s (CBN’s) Monetary Policy Committee (MPC) on Tuesday raised Monetary Policy Rate (MPR) 200 basis points from 12 percent to 14 percent, Cash Reserve Ratio (CRR) was retained at 22.5 percent and Liquidity ratio at 30 percent, while the […]
Updates
CBN Communiqué No. 108 of the MPC Meeting – July 25-26, 2016
July 26, 2016/CBN The Monetary Policy Committee met on 25th and 26th July 2016 against the backdrop of fragile global and domestic economic and financial conditions. The Committee evaluated the global and domestic macroeconomic and financial developments in the first seven months of 2016 and the outlook for the rest […]
Afreximbank Supports Heritage Bank Growth With $150million
African Export Import Bank (Afreximbank) has provided a $150 million funding support for Heritage Bank Limited. In a statement announcing this development yesterday, Divisional Head, Corporate Communications, Olusola Longe-Okenimkpe said, “HBCL Investment Services Limited (HISL) a major shareholder of Heritage Bank Limited has executed the term sheet for the issuance […]
