By Financescape The Monetary Policy Committee (MPC), of the Central Bank of Nigeria (CBN), has voted to retain the Monetary Policy Rate (MPR) at 11.5%. Decisions The MPC decided to maintain current policy parameters. Monetary Policy Rate (MPR) at 11.50%. The asymmetric corridor at +100/-700 bps around the MPR. Cash Reserve […]
Tag: CBN
Stanbic IBTC Graduates 16th Batch Of Trainees
By Daniel Anomietei/Mediacraft Saturday, October 25, 2019. As part of its youth empowerment and socio-economic drive, Stanbic IBTC Holdings PLC, a member of the Standard Bank Group, recently graduated the 16thbatch of Graduate Trainees. Stanbic IBTC’s Graduate Trainee program is a scheme which recruits talented young Nigerians, who are either […]
Equity Investors lost N23.566 bln as NSE-ASI dip by 0.17%
By Financecsape The Nigerian equities market began the week on a negative note, as the All-share index depreciated by -0.17% to close at 27,650.28 basis point, Market capitalization closed at N13.460 trillion, Total of 109,562,733.00 Shares was traded in 3,382.00 deals valued at N888,172,294.42. Year-to-Date (YTD) returns currently stands at -12.04%. […]
CBN AND BANKING CHARGES IN NIGERIA – A Regulator gone Rogue?
By Dr Charles Omole FIRST A GLOBAL PERSPECTIVE The exploitation of customers by their banks is a global phenomenon. In the USA, 6.5 percent of households are unbanked, meaning they don’t have a bank account at all. Half of those affected report it’s because the fees are too expensive. JPMorgan Chase, for […]