CBN hikes interest rate to 18.75%
The Monetary Policy Committee, the policy-setting committee of the Central Bank of Nigeria (CBN), has raised the monetary policy rate (MPR), which measures interest rate, from 18.5 per cent to 18.75 per cent.
Cross River residents storm banks in search of money
Calabar, Feb. 6, 2023: Residents of Calabar city in Cross River state, on Monday stormed the various commercial banks in search of cash.
Why IMF releases $7.5 bn loan for Argentina
The International Monetary Fund (IMF) says it has released a loan tranche of $7.5 billion for Argentina, in a deal that took four months to negotiate.
CBN refutes claims of Naira devaluation, says $1/N465 remains
The Central Bank of Nigeria (CBN), has debunked media report of its devaluation of naira to N631 from the rate of N461/$.
Developing Countries: UNCTAD Wants Actions To Curb Crypto Currencies
The UN Conference on Trade and Development (UNCTAD) has called for action to curb crypto currencies in developing nations.
Why FG has no intention of borrowing – Finance Minister
The Minister of Finance and Coordinating Minister of the Economy, Chief Wale Edun has said that the Federal Government has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation.
