There are strong indications that President Goodluck Jonathan may eventually yield to popular demand by reneging on an earlier endorsement to the proposed Naira restructuring by the Central Bank of Nigeria (CBN). Earlier in the month, CBN had announced a controversial restructuring of the Naira, headlined by the introduction of […]
Tag: Central Bank of Nigeria
Inflow of short-term investments worries CBN
The Central Bank of Nigeria on Tuesday expressed worries over large inflow of “hot money†or short-term investments into the economy, saying that the development, if not monitored, could negatively affect some of the positive impact of its monetary policy. Addressing journalists at the bank’s headquarters in Abuja shortly after […]
CBN Retains Benchmark Rate at 12%
Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Tuesday retained its Benchmark Interest Rate at 12 percent (12%) for the sixth consecutive time. The CBN said it its impact has improved growth in the economy and Inflation has declined slightly in the review period. Click here to download CBN’s […]
