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    MPC Cuts Monetary Policy Rate to 13.5%

    The Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, has reduced the Monetary Policy Rate, MPR, by 50 basis points to 13.50 per cent from 14 per cent. CBN Governor, Godwin Emefiele, disclosed this on Tuesday at a press conference to mark the end of a two-day MPC meeting held in Abuja. […] More

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    CBN to Raise N1.006tn From Debt Market

    The Central Bank of Nigeria, CBN, is to raise a total of N1.006 trillion from the debt market in the second quarter of 2019. This was contained in a data on the Nigerian treasury bills issue programme for the second quarter of 2019 published on its website on Tuesday. The CBN sells treasury bills twice […] More

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    Nigeria: Still Investors’ Haven

    Despite the lull in economic activities due to lack of clear policy direction and the delisting of Nigerian bonds by JP Morgan, the Central Bank and financial experts insist that the economy remains attractive to foreign investors To many Nigerians, the nation’s economy is in dire straits owing to lack of clear economic policies and […] More

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    Emir of Kano Asks Residents To Fight Boko Haram

    The Emir of Kano, Sanusi Lamido has challenged residents of the Boko Haram troubled areas to rise to the task by defending themselves against the Islamic extremists ravaging the North-Eastern parts of Nigeria. The Emir made the call in a prayer meeting in Kano noting that residents should not expect soldiers to protect them from […] More

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    Federal Government Appoints Emefiele As CBN Governor

    Godwin Emefiele, the  chief executive officer, Zenith Bank Plc, has been appointed as substantive Governor of the Central Bank of Nigeria, CBN. He replaces Sahusi Lamido Sanusi, who was suspended this morning by President Goodluck Jonathan. Bayo Adelabu, executive director, First Bank Plc has also been named deputy governor, replacing Tunde Lemo. The names of the […] More

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    President Jonathan Suspends CBN Governor Sanusi

      In what appears to be a tale of the hunter being the hunted, Lamido Sanusi, governor, Central Bank of Nigeria, CBN, has been suspended by President Goodluck Jonathan. Sanusi who has been having a running battle with the petroleum ministry and the Nigerian National Petroleum Corporation, NNPC, over his allegations of $20 billion missing […] More