By Olumide David After the decision at the meeting over the lending rate of 18 per cent, Economists have faulted the Monetary Policy Committee of the Central Bank of Nigeria (CBN) over its decision to increase the benchmark interest rate…
Barely four days after the Governorship and State House of Assembly elections, bank customers on Wednesday are still being confronted with cash crunch. The cash crunch has continued for over three months now, without any respite on the horizon. It…
At the conclusion of the 2-day meeting with the Monetary Policy Committee, MPC, the Central Bank of Nigeria, (CBN) Governor, Godwin Emefiele apologised to Nigerians on E-payment glitches at Abuja on Tuesday. Emefiele agreed on some “isolated cases still persist”…
By Olumide David FCMB has just successfully completed the issuance of a N20,686,000,000 Perpetual 16 per cent Fixed Rate Resettable NC5.25 Additional Tier I Capital Subordinated Bonds (AT1) under its N300,000,000,000 Debt Issuance Programme. The bonds issuance is the first…
…Hike in MPR from will hurt investors in the real economy — CPPE By Seun Ibiyemi Barely two months after the apex bank raised the interest rate to 17.5 per cent, again the Monetary Policy Committee (MPC) of the Central…
The Monetary Policy Committee meeting with the CBN to begin its two-day meeting on the economy on Monday amid the economic crisis fuelled by the naira redesign policy and fuel scarcity. Analysts in the country have said the Central Bank…
The Nigerian Exchange Limited has sanctioned 16 companies for various market infractions in three years. Specifically, the NGX imposed the sum of N779.5 million fine on LASACO Assurance Plc, Presco Plc, Ardova Plc, C&I Leasing Plc, and 12 other listed…
Some financial experts have urged the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to take urgent steps to address the perennial shortage of cash. The experts spoke to journalists on Monday in Abuja, against the backdrop…
By Olumide David The Central Bank of Nigeria (CBN) has reported that the currency in circulation in the country dipped by a 235.03 per cent to N982.09 billion at the end of February from N3.29 trillion at the end of…
By Olumide David Unity Bank Plc has appointed one of the daughters of Olusegun Obasanjo, Iyabo, as a non-executive director. The bank has also appointed Hafiz Mohammed Bashir as the acting chairman of its Board of Directors. The appointments followed…
