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Monetary Policy

2 Results / Page 1 of 1

Improved Crude Oil Prices Push Nigeria’s External Reserve To $36.23Bn

Oluwaseye Ogunsanya January 27, 2021

The Central Bank of Nigeria (CBN) says Nigeria’s foreign exchange reserves increased from $34.94 billion in November 2020 to $36.23 billion as of January 21, 2021. The CBN governor, Godwin Emefiele on Tuesday provided these figures at a press conference at the end of the January monetary policy committee meeting. […]

Business

CBN Retains Key Lending Rates at 11.5% As Nigeria Economy Slips Into Recession

Oluwaseye Ogunsanya November 25, 2020

Key lending rates has been retained at 11.5% by the Monetary Policy Committee The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, Tuesday in an announcement said the decision is part of efforts to boost the economy towards a sustainable recovery from the recession. “Members voted in line […]