By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Friday issued a revised guideline to all Banks and Discount Houses in Nigeria on how to access the CBN’s Lending Windows and Repurchase Transactions. This is contained in a Circular dated July 26 2012 with reference number BSD/DIR/ GEN/LWR/ […]
Tag: Central Bank of Nigeria
Inter-bank rates fall on budget inflows
Inter-bank lending rate fell to an average 14.08 per cent on Friday and has now fallen lower than 300 basis points since Wednesday as liquidity increased, reversing a jump after the Central Bank of Nigeria announced on Tuesday it was raising banks’ cash reserve requirement. The CBN raised the reserve […]
IMF Supports MPC’s Monetary Policy Tightening
The International Monetary Fund (IMF) has welcomed the restrictive monetary policy stance adopted by the Central Bank of Nigeria’s (CBN’s) Monetary Policy Committee (MPC) since last year. The IMF stated this in its recently released staff report for 2011 Article IV Consultation. Part of the 80-page document, also recommended that […]
