The Monetary Policy Committee of the Central Bank of Nigeria has increased the Monetary Policy Rate by 50 basis points to 18%. This was disclosed by the CBN Governor, Godwin Emefiele, on Tuesday while reading the communiqué of the second MPC meeting. He said the committee also pegged the liquidity ratio at 30%. The MPC committee voted […]
MTN Nigeria Communications Plc has proposed a merger of its two finance subsidiaries; Momo Payment Service Bank Limited and Yello Digital Financial Services Limited. In a notification about its Annual General Meeting scheduled to hold in April 18, 2023, one of the resolutions to be passed is stated thus: “That the Company’s two subsidiary entities: (a) MoMo[…]
In a bid to mark the annual Global Money Week, the Nigerian Exchange Limited has disclosed that NGX is partnering the Central Bank of Nigeria (CBN) with educational programmes and events aimed at enhancing financial literacy in children and youths while driving financial inclusion. The theme of Global Money Week 2023 is “Plan your money, plant your[…]