The Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, on Tuesday said high level of corruption, insecurity and “mixed signals in power and petroleum reforms†would affect the country’s economic growth. Sanusi said this while addressing journalists shortly after the Monetary Policy Committee’s meeting held at the apex […]
Tag: Central Bank of Nigeria
Nigeria’s Central Bank Retains Rate at 12%
By Richard ABANGWU InvestAdvocate Lagos (INVESTADVOCATE)-Again Nigeria’s Central Bank Tuesday retained its Interest Rate at 12 percent (12%) as part of the decisions taken at its Communiqué No. 88 of the Monetary Policy Committee Meeting of Monday and Tuesday March 18-19 2013. The CBN retained MPR at 12% with interest […]
Forex: CBN sold $1.15bn in February
The Central Bank of Nigeria sold a total of $1.15bn in February, as against $833m sold in January. A report by the Financial Derivatives Company Limited made available to our correspondent on Friday said inflows from foreign investors and foreign exchange sales by energy firms helped keep the naira stable. […]
