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NovThe Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the country’s monetary policy rate (MPR) at 27 per cent. The MPR serves as the baseline interest rate in an economy; other interest rates used within the economy are built on it. The MPC pegged the Cash Reserve Ratio (CRR) at 45% for […]
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NovThe Nigerian stock market on Tuesday halted six consecutive session of losses to close on a positive note as All Share Index appreciated by 0.10% to settle at 143,763.13 points from the previous close of 143,614.61 points. The Market Capitalisation closed at N91.441 trillion from the previous close of N91.346 trillion. An aggregate of 556 million units[…]
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NovThe Central Bank of Nigeria (CBN) has notified the general public that Zuldal Microfinance Bank Limited is not a licensed Microfinance Bank and has no authorisation to operate or carry out any form of banking or microfinance business in Nigeria. The apex bank stated thus: “The attention of the Central Bank of Nigeria (CBN) has been drawn[…]
