BREAKING: CBN retains MPR at 13.5%
Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) on Tuesday voted to retain the benchmark lending rate at 13.5 per cent.
Governor of CBN, Mr Godwin Emefiele who read the communique of the meeting shortly after it ended said MPC also retained credit reserve ratio (CRR) at 27.5 per cent, liquidity ratio at 30 per cent and asymmetric corridor at +200 and -500 basis points around the MPR.
MPC according to him, unanimously voted to retain the rates so as to allow recent central bank (CBN) interventions to take root and take the desired effect on the economy.
YOU SHOULD NOT MISS THESE HEADLINES
The First lady of Nigeria, Aisha Buhari has stated that isolating students and expecting parents to go to work can be counterproductive. She stated that there is no point of shutting down schools and expecting parents to still go to work as this could also expose the parents to the coronavirus pandemic… Read full story
Governors in the country are currently in state of panic over the decision of the Bauchi State governor, Muhammed Bala, to go into isolation following his contact with the son of the former vice president who was confirmed to have got the coronavirus by his father… Read full story
Governor of Bauchi State, Bala Mohammed has reportedly gone on self-isolation following contact with the son of Atiku Abubakar. Former director-general of Radio Nigeria, Ladan Salihu made the announcement via his Twitter handle. He said, “Our Governor Bala Mohammed in self-isolation following contact with Atiku… Read full story
Ecobank Nigeria, on Monday, said it has temporarily closed its Wuse II, Abuja branch. This was announced in a statement released by the bank. According to the statement, the first victim of coronavirus to die visited the Abuja branch on March 12, 2020. However, according to the bank, at the time of… Read full story