CBN
The Kaduna State governor, Nasir El-Rufai has again come hard on the presidency, saying he no longer believes in the leadership of President Muhammadu Buhari. Recall that sequel to the recent cash policy by the Central Bank of Nigeria, CBN, the governor had raised the alarm that some elements in the presidency were working against […]
Many traders at the weekend closed their doors for business following high rejection of old naira in Kwara state and Nigeria at large. Royal times gathered that there has been misunderstanding within the metropolise over collection of the old note by traders. With few weeks to the final withdrawal of the old Naira notes from […]
The Central Bank of Nigeria (CBN) yesterday hiked its Monetary Policy Rate (MPR) to 15.5 percent, the highest ever in 20years. The increase came at the end of its Monetary Policy Committee (MPC) meeting, which started on Monday in Abuja. CBN Governor Godwin Emefiele, who announced the new rate, said it was, among others, intended to cause restriction […]
The Monetary Policy Committee of the Central Bank of Nigeria has raised the benchmark interest rate from fourteen to fifteen point five percent in order to tame the rising inflation rate. This represents a 150-basis-point increase from the fourteen per cent rate voted during the last MPC meeting in July. At the end of the […]
A Bill to whittle down the power of the Governor of the Central Bank of Nigeria, CBN scales second reading in the Senate today. The Bill seeks to appoint a person other than the CBN Governor, as Chairman of the Board and divest the Board’s responsibility in determining and fixing salaries and allowances of its […]
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