Emefiele dismisses fears over MPC meeting, insists economy is strong

The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has allayed the fears of Nigerians and the international community over the inability to hold the meeting of the Monetary Policy Committee (MPC) for January. A statement signed by Emefiele in Abuja on Monday, said that the meeting, which was earlier scheduled for the day and Tuesday, More...

by Uchenna Ajah | Published 1 day ago
By Felix OLOYEDE On Thursday, January 18th, 2018

Banks enjoy improved liquidity as overnight rate drops three consecutive days

FELIX OLOYEDE The redemption of Treasury Bills by Federal Government has helped to improve liquidity in Nigerian banking sector as overnight rate declined three consecutive times this week. Overnight (O/N) rate More...

By Uchenna Ajah On Wednesday, January 17th, 2018

Central Bank governor, Godwin Emefiele expects the Monetary Policy Committee to hold its main interest rate at next week’s meeting. “I don’t think rates will change,” Godwin Emefiele said in an interview More...

By Felix OLOYEDE On Thursday, January 11th, 2018

Investors respond positively to Sterling Bank’s new MD appointment as stock appreciates 4.82%

FELIX OLOYEDE Abubakar Suleiman, Sterling Bank new CEO Investors reacted optimistically to Sterling Bank appointment of Abubakar Suleiman as its new managing director, following the retirement of its former chief More...

By Felix OLOYEDE On Wednesday, January 3rd, 2018

Naira loses 0.19% in NAFEX Window 

FELIX OLOYEDE The Naira started the second trading day of the year 2018 on a bearish note as it dipped marginally against the dollar at the Investors’ & Exporters’ trading window on Wednesday. The currency More...

By Felix OLOYEDE On Tuesday, December 5th, 2017

Nigeria’s Debt Service ratio falls to 45%

Kemi Adeosun, Finance Minister Nigeria has made significant improvement in its debt-service-to-revenue ratio as it dropped from 66 per cent to 45 per cent. This is coming on the back of improved revenue mobilisation More...

By Felix OLOYEDE On Tuesday, December 5th, 2017

Banks’ NPLs reach 10-month high in Q3

FELIX OLOYEDE Godwin Emefiele, CBN Governor Non-Performing Loans (NPLs) in the Nigerian banking industry hit 10-month in September, latest data from the the Nigeria Deposit Insurance Corporation (NDIC) has shown. The More...

By Okey Onyenweaku On Monday, December 4th, 2017

Anxiety rises over health of banks

…as recent Fitch downgrade poses new questions BY TESLIM SHITTA-BEY All may not be as well with Nigerian banks as the domestic regulator, Central Bank of Nigeria (CBN), would have many believe. Buried in a heap More...

By Felix OLOYEDE On Wednesday, November 15th, 2017

Time is ripe for rates cut, says Rewane as inflation slows further in Oct.

FELIX OLOYEDE Prof. Yemi Kale, DG, National Bureau of Statistics This is the appropriate time for the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to cut benchmark monetary rates after inflation More...