Just in: CBN’s MPC votes to leave all monetary policy metrics unchanged
The Monetary Policy Committee (MPC) of the Central bank of Nigeria (CBN), Tuesday, unanimously elected to maintain the status quo by keeping all monetary policy metrics at current levels. The rates are left as follows: *Monetary Policy Rate (MPR) at…
Chukwu, Omordion differ on naira devaluation by CBN
Two leading finance market experts in Nigeria have taken divergent positions on the recent devaluation of naira which the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele had insisted to be an adjustment and not devaluation. Recall…
Ecobank Group hits 32% growth of NGN146.5bn for 2019 in PBT
Leading continental financial giant, the Ecobank Transnational Incorporated (ETI) has announced a record 32% growth in profit before tax of NGN146.5 billion for 2019 financial year. This was up from the N110.8 billion recorded in 2018. The bank which released…
Are Nigerians short-changed on petrol pump price at N125?
Fresh facts and statistics have suggested that the recent reduction in petrol pump price in Nigeria from N145 to N125, may have been a Greek gift as the Federal Government is making well over N2bn daily selling the product at…
SPE activates smaller entities’ investments in less attractive areas to IOCs
Chairman of Society of Petroleum Engineers (SPE) Nigeria Council, Joseph Nwakwue has advocated activation of smaller entities’ investments in areas of less attraction to international oil companies (IOCs) to fast track indigenous stake uptakes in Nigeria’s oil and gas sector….
COVID-19 Pandemic: Ecobank advises customers on digital self-service solutions
More responsible corporate citizens have continued to issue momentary precautionary advice to their valued customers’ as the global COVID-19 pandemic gets messier. Latest amongst early groups to guide their customers include Ecobank Nigeria, which issued a statement Thursday to its…
Banks’ hail CBN for postponing nonperforming loans’ rainy day, but…
A cross-section of views from leading banking experts have hailed what they described as the pseudo postponement of a rainy day on issues bordering on nonperforming loans in banks. Observers say the policy summersault in view of COVID-19 and falling…
Ecobank Transnational Incorporated makes new appointments, changes on its board
Ecobank Transnational Incorporated (ETI), the Lomé-based parent company of the Ecobank Group, has announced two new appointments and changes on its Board of Directors. Dr. Georges Agyekum Nana Donkor has been appointed as a Non-Executive Director to replace Mr. Bashir…
Confusion over Polaris Bank’s bailout repayment as CBN grants 1 year moratorium
Fresh confusion may have emerged as to when the Central Bank of Nigeria (CBN) appointed management team of the rescued Polaris Bank will pay back the total of N789bn bailout fund with which the apex bank used in resuscitating the…
Bank of Ghana rolls out monetary safety measures over COVID-19
…Warns against panic withdrawals As part of renewed efforts to protect the economy while taking serious precautionary measures against spread and impacts of the COVID-19 pandemic on domestic economy, the Bank of Ghana (BoG) has rolled out stringent measures for…
