The Debt Management Office has set the maximum limit of $6.25 billion (₦1.906 trillion) for the Federal Government’s borrowing in the 2018 fiscal year. The DMO, in the 2017 Report of the Annual National Debt Sustainability Analysis released on Wednesday, said the $6.25 billion was proposed to be sourced equally from the domestic and external […]
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The Minister for Agriculture, Audu Ogbeh has called on the Central Bank of Nigeria (CBN) to reduce lending rate to agriculture as is the practice in other parts of the world. He spoke at the 2017 Annual Bankers’ Committee Retreat concluded in Lagos at the weekend. Ogbeh disclosed that the average interest rate charged on […]
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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) yesterday, retained lending rate 14 per cent, even as it stressed the decision was intended to consolidate on and deepen the successes recorded by the economy in recent times. The nine-member committee had also voted for the retention of the Cash Reserves Ratio […]
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Nigeria’s Monetary Policy Committee (MPC) of Central Bank, CBN on Tuesday voted overwhelmingly to retain all the basic policy parameters. These include monetary policy rate (MPR) 14.0 percent; cash reserve ratio (CRR) at 22.5 per cent; banks’ liquidity ratio at 30.0 per cent; and also left the asymmetric corridor at +200 and -500 basis points […]
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