Central Bank Holds Rates, Considers Emergency MPC Meeting in February

[This Day] abuja and Lagos -In the absence of a meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), the Bank announced yesterday that it shall continue to retain the key monetary policy variables as decided by the MPC a…

[This Day] abuja and Lagos -In the absence of a meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), the Bank announced yesterday that it shall continue to retain the key monetary policy variables as decided by the MPC at its last meeting in November.

source: AllAfrica News: Nigeria

Sustained Forex Interventions Bolster Rates

[Guardian] The sustained foreign exchange (forex) intervention has bolstered rate stability, with parallel market oscillating around N363 and N361 per dollar for more than five weeks.

[Guardian] The sustained foreign exchange (forex) intervention has bolstered rate stability, with parallel market oscillating around N363 and N361 per dollar for more than five weeks.

source: AllAfrica News: Nigeria

Bayelsa to Shut Down Over 250 Sub-Standard Private Schools

[This Day] Yenagoa -Over 250 private primary and secondary schools in Bayelsa State will soon be shut down for compromising standards, the state government said yesterday.

[This Day] Yenagoa -Over 250 private primary and secondary schools in Bayelsa State will soon be shut down for compromising standards, the state government said yesterday.

source: AllAfrica News: Nigeria

‘Information Gap Hampers Microfinance’s Growth’

[Guardian] The Managing Director of Mainstreet Microfinance Bank, Adegoke Adegbami, has said information gap is a major challenge mitigating the growth of microfinance banks in Nigeria.

[Guardian] The Managing Director of Mainstreet Microfinance Bank, Adegoke Adegbami, has said information gap is a major challenge mitigating the growth of microfinance banks in Nigeria.

source: AllAfrica News: Nigeria

Contractor – Why Dec Deadline for Lagos-Ibadan Rail Project May Not Be Feasible

[This Day] Abuja -The contractor handling the Lagos-Ibadan standard gauge rail project, the Chinese Civil Engineering Construction Company (CCECC), has disclosed that the December 2018 deadline given by the federal government for the completion of the …

[This Day] Abuja -The contractor handling the Lagos-Ibadan standard gauge rail project, the Chinese Civil Engineering Construction Company (CCECC), has disclosed that the December 2018 deadline given by the federal government for the completion of the project might not be feasible if it fails to address the identified challenges.

source: AllAfrica News: Nigeria

With Equities Market Sustaining Gains, Elumelu Confident of Nigeria’s Economic Recovery

[This Day] On the eve of his departure for the World Economic Forum (WEF) in Davos, Switzerland, the Chairman of Heirs Holdings and Founder of the Tony Elumelu Foundation, Mr. Tony Elumelu, has expressed confidence in Nigeria’s economic recovery on the…

[This Day] On the eve of his departure for the World Economic Forum (WEF) in Davos, Switzerland, the Chairman of Heirs Holdings and Founder of the Tony Elumelu Foundation, Mr. Tony Elumelu, has expressed confidence in Nigeria's economic recovery on the back of fiscal and monetary policies that have steered the country in the right direction.

source: AllAfrica News: Nigeria

Court Grants Group’s Bid to Sue Former Governors Over Double Pay

[Guardian] A Federal High Court, Lagos has granted a group, Socio-Economic Rights and Accountability Project (SERAP) right to sue former governors who are serving senators and ministers for allegedly receiving double pay and life pensions.

[Guardian] A Federal High Court, Lagos has granted a group, Socio-Economic Rights and Accountability Project (SERAP) right to sue former governors who are serving senators and ministers for allegedly receiving double pay and life pensions.

source: AllAfrica News: Nigeria

‘Banks Shift Priorities in 2018’

[Guardian] Eighty five percent of banks cite implementation of a digital transformation programme as a business priority for 2018, the EY Global Banking Outlook 2018 has noted.

[Guardian] Eighty five percent of banks cite implementation of a digital transformation programme as a business priority for 2018, the EY Global Banking Outlook 2018 has noted.

source: AllAfrica News: Nigeria