21:59
Headlines:
Now On Air: No Program on Air

Impact CBN Report

Showing 1 to 3 of 3 posts

Economy as epicenter of elections brouhaha in 2019

Economy as epicenter of elections brouhaha in 2019

2019-02-18 04:28:37

Barely 24 hours to the kick off of 2019 general elections, which were botched at the last minute, the National Bureau of Statistics said the country yearly inflation dropped to 11.37 per cent in January, down from the seven-month high it reached in December, at 11.44 per cent. The Central Bank of Nigeria (CBN) has had a running battle taming inflation numbers in nearly two years, with a mix of interest rate hike and foreign exchange management. By analysts’ estimates, the efforts have been largely successful. However, the ongoing electioneering may have something contrary for the assessed monetary policy successes… continue reading


CBN backs Labour on minimum wage

CBN backs Labour on minimum wage

2018-11-23 03:19:31

THE Central Bank of Nigeria, CBN, has thrown its weight behind organised labour’s quest to increase the minimum wage, saying that it would boost the economy. CBN Governor, Mr. Godwin Emefiele, disclosed the apex bank’s position while briefing the press on the outcome of yesterday’s Monetary Policy Committee, MPC, meeting, in Abuja. Emefiele, who warned Deposit Money Banks against lending to politicians or abetting money laundering as campaigns for the 2019 general elections, expressed optimism that the proposed increase in the nation’s minimum wage would boost the economy through increased aggregate demand. Meanwhile, the House of Representatives Committee on Labour,… continue reading


Banks lost N12bn to robbery, fraud in six months – CBN

Banks lost N12bn to robbery, fraud in six months – CBN

2018-11-06 03:24:23

Losses recorded by banks from armed robbery cases and other criminal activities perpetrated by members of staff and non-staff members of lending institutions rose to N12bn in six months. Figures obtained from the Central Bank of Nigeria stated that the attempted fraud and forgery cases, which were, however, not successful, stood at a figure of N7.99bn between January and June 2018. The CBN said that there was a staggering rise in the reported cases of such incidences from 16,762 in the first half of the financial year of 2017 to 20,768 in the corresponding period of 2018. It said, “There… continue reading


Listen Live

Now On Air

No Program on Air
Anchor: Anonymous
Time: Unspecified

Up Next

Unspecified
Anchor: Anonymous
Unspecified

Connect With Us

Click here to pay for ads