With exactly one week to the next monetary policy committee (MPC) meeting, Financial Derivatives Company Limited (FDC) has predicted a 25 basis points reduction in the Monetary Policy Rate (MPR) to 11.75 per cent from 12 per cent. MPR, the benchmark interest rate is the rate at which the Central […]
Tag: Central Bank of Nigeria
N5,000 note’ll pose threat to security – Lawmakers
Some members of the Lagos State House of Assembly on Tuesday said the proposed introduction of N5,000 currency by the Central Bank of Nigeria would threaten the country’s security. Mr Mufutau Egberongbe , Action Congress of Nigeria (ACN Apapa I), told the News Agency of Nigeria in Ikeja that the […]
N5, 000 Note to save Nigeria N7.0 billion Yearly-CBN
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Monday said the introduction of the N5, 000 denominations into the economy will save Nigeria N7.0 billion Naira Yearly. Ugochukwu Okoroafor, Director, Corporate Communications of the CBN made this affirmation in Lagos Nigeria at a media Parley with Financial […]
