Money Market

CBN Communique No. 128 of the MPC Meeting Janaury 23-24, 2020

January 24, 2020/CBN The Monetary Policy Committee (MPC) held its 27th meeting, the first in fiscal 2020, on the 23rd and 24th of January, 2020. The Meeting held in an environment of sluggish global economic recovery and financial market vulnerabilities, and tepid domestic growth. The Committee appraised these developments and the outlook […]

FirstBank Wins Best Mobile Banking App, Fastest Growing Retail Bank Awards

January 24, 2020/FirstBank of Nigeria First Bank of Nigeria Limited has been named 2019 “Best Mobile Banking App” and “Fastest Growing Retail Bank” winner  by Global Business Outlook. The Global Business Outlook Award recognises and rewards excellence in business in companies across the world, both in the public and private […]

Nigeria’s MPC Retains MPR at 13.5%, Raises CRR to 27.5% from 22.5%

January 24, 2020 By Paschal IJEH InvestAdvocate Lagos (INVESTADVOCATE)-In line with expectations, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) maintained status quo at the end of its meeting on Friday and Retain the Monetary Policy Rate (MPR) at 13.5 percent. Monetary Policy Committee increased the […]