Despite the rising calls by economic experts for lowering of benchmark interest rate, the Central Bank of Nigeria (CBN)-led Monetary Policy Committee (MPC) is expected to retain all rates as they are since July 26. The MPC’s second meeting of the year holding today and tomorrow in Abuja, from all indication, won’t adjust the rates […]
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Underlying U.S. consumer inflation slowed in November, held down by weak healthcare costs and the biggest drop in apparel prices in nearly two decades, which could impact the pace at which the Federal Reserve raises interest rates next year. Inflation has moderated for much of this year, leading to concern among some Fed officials that […]
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Former President, Chief Olusegun Obasanjo has called on the Central Bank of Nigeria (CBN) to review the interest rate given on agricultural loans, ChannelsTv reports. Obasanjo disclosed this during an entrepreneurial programme in Abeokuta, the Ogun State capital. He also says the current rate will slow the pace of development in the sector. He said, […]
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The Central Bank of Nigeria (CBN) yesterday kept its Monetary Policy Rate (MPR), its base interest rate, at 14 per cent. CBN Governor Godwin Emiefele, who spoke to reporters after the Monetary Policy Committee (MPC) meeting in Abuja, said the recession corridor would come to an end by the third quarter because of the positive […]
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