May 24/2016/First Bank of Nigeria Limited FirstBank’s Women Basketball Team – The Elephant Girls – has won the 2015/2016 Zenith Bank Women’s Basketball Championship for the seventh time. The tournament which dunked off on March 18, 2016 saw the Elephant Girls maintain a perfect start and take the lead in […]
Updates
Nigeria FX reserves down 2.7 pct as markets eye rate decision
Tue May 24, 2016/Reuters May 24 Nigeria’s forex reserves fell 2.7 percent to $26.56 billion by May 20 from a month earlier, central bank data showed, as analysts awaited a rate decision on Tuesday, which many believe could include a revamp of exchange rate policy. Analysts are expecting a rate […]
CBN Retains MPR at 12%, Introduces Flexible FOREX Market
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) on Tuesday retained Monetary Policy Rate (MPR) at 12 percent, Cash Reserve Ratio (CRR) at 22.5 percent and Liquidity ratio at 30 percent, while embracing a flexible foreign exchange market, according to Godwin Emefiele, governor […]
