Tag: Monetary Policy Committee

CBN leaves rate at 12 pct, moves to support naira

  * Cbank raises banks’ cash reserve requirement to 12 pct  * Signs for Nigeria’s economy are ominous – cbank  * Cbank says Nigeria unprepared for oil price shock   Nigeria’s central bank (CBN) left its benchmark interest rate on hold at 12 percent on Tuesday, as expected, but took […]