How CBN rubbished Muoghalu’s ‘prophesy of doom’, now seeks single digit inflation
In far away December last year, Kingsley Moghalu, former deputy governor of Central Bank of Nigeria (CBN), described the flexible foreign exchange policy of the Godwin Emefiele led CBN as damaging and questionable. Whereas he immediately called on President Muhammadu…
CBN explains why economy’ll exit recession come September, but…
Before now, Nigerians had been inundated with permutations and insinuations that the economy will exit recession even before the end of second quarter of 2017, until last week, the Central Bank of Nigeria (CBN) came out to claim that Nigeria…
Observers still see deception in naira gains as dollar falls to N400 at parallel market
The sustained injection of dollars from the growing reserves Wednesday forced the Naira to trade N400 to a dollar at the black market both in Lagos and Abuja, but observers still believe that the entire scenario remains cosmetic and unsustainable…
MPC ends meeting, keeps rates unchanged, says tightening policies not good for economy
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained all rates as they are, meaning that the Monetary Policy Rate still stands at 14 per cent. Other monetary policy parameters retained include the Cash…
No economy reduces interest rate in times of high inflationary trend—CBN
More revelations have continued to emerge from the weekend’s address of the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, during a reception to honour him as Man of the Year by Vanguard Newspapers in Lagos. In his…
Naira not as weak, unstable as speculated at parallel market, Emefiele insists
The Governor of the Central Bank of Nigeria (CBN), Dr. Godwin Emefiele has revealed that contrary to the permutations of currency speculators at the parallel market, the Nigerian naira is never as weak as they place it, rather the only…
