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CBN has to force rates down – Analysts

The Central Bank of Nigeria may have to adopt a radical approach by forcing lending rates down in order to boost the real sector of Nigeria’s economy, analysts have said. According them, lending rates have to be lower than they are presently, preferably below double digits, to build the real […]

Yen under pressure, Asian stocks subdued

The yen plumbed a 2-1/2 year low against the dollar on Monday, grabbing the Asian spotlight amid subdued trading for the region’s stock markets, with the focus on Japan’s central bank as it faced unrelenting political pressure to deliver bold stimulus. Prime Minister Shinzo Abe on Sunday said the Bank […]

More security agencies to quit pension scheme

Virtually all security agencies  including the police, have begun a gradual process of pulling out of the Contributory Pension Scheme, a development which industry watchers say poses a major threat to the pension programme. Some top managers of Pension Funds Administrators told our correspondent on Friday that the Nigeria Police […]