The Central Bank of Nigeria and some renowned economists on Monday disagreed over the monetary instruments being used by the authority to manage the economy. While the CBN maintained the economy was on the right track, the economists pointed out that there was the need to reverse some of the […]
Tag: Central Bank of Nigeria
CBN Inaugurates Council of Experts on Islamic Banking
In line with the guidelines for the regulation and supervision of institutions offering non-interest financial services based on compliance to the principles of Islamic commercial jurisprudence, the Central Bank of Nigeria (CBN) at the weekend announced the inauguration of the Financial Regulation Advisory Council of Experts (FRACE). A statement from […]
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 […]
