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On the international front, the BRICS bloc made up of Brazil, Russia, India, China and South Africa alongside six other countries including Iran, Saudi Arabia, the UAE, Egypt, Argentina and Ethiopia are pushing the agenda to de-dollarise their respective economies. A number of these countries are witnessing a shortage of dollars and the consistent… ....
The Central Bank of Nigeria (CBN) owes JP Morgan and Goldman Sachs a combined sum of $7.5 billion as of the financial year ended December 2022. This is contained in the audited financial statement of the apex bank, published on its website. According to the CBN: “The Group entered into a securities lending agreement with Goldman Sachs and… ....
Nigeria: CBN Increases Interest Rate to 18.75 Percent, Highest in 22 Years allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
Economist and professor of Capital Market, Uche Uwalake has said the Monetary Policy Committee of the Central Bank of Nigeria (CBN) should pause the policy rate hikes as a further rate tightening would only worsen the situation as the cost of capital is increased and access to credit by small businesses is made more difficult.… ....
The Monetary Policy Committee of the Central Bank of Nigeria has voted unanimously to raise the benchmark interest rate to 13% after two and half years of expansionary monetary policy. This was disclosed by the Governor of the CBN, Godwin Emefiele, while reading the communique of the 142nd monetary policy committee meeting yesterday in Abuja. […] ....