News & Insights

CBN urges FG on re-opening of economy

CBN urges FG on re-opening of economy

…cuts interest rate to 12.5% to improve lending   Rising from its May 2020 Monetary Policy Committee (MPC) meeting on Thursday, the Central Bank of Nigeria (CBN) advised the federal government to consider the full opening of the nation’s economy and move aggressively to implement policies that will halt economic […]

CBN announces new policy measures, reduces interest rates for financial institutions

As part of its monetary and financial policy measures to further mitigate the impact of the coronavirus pandemic on households, and businesses, the Central Bank of Nigeria (CBN), has approved regulatory forbearance for the restructuring of credit facilities in the Other Financial Institution (OFI) sub-sector. This was disclosed in a […]