By Jemimah Wellington, JKNewsMedia Correspondent EFFORTS TO reduce inflation to a single digit range have been outlined by the Central Bank of Nigeria (CBN) as part of a medium-term objective tied to a transition toward an inflation targeting monetary policy framework. JKNewsMedia.com reports that the position was disclosed in a statement iss...
By Yomi Omolade, JKNewsMedia Intern THE MONETARY Policy Committee of the Central Bank of Nigeria (CBN) has reduced the benchmark interest rate by 50 basis points, lowering it from 27.5 percent to 27 percent. Governor Olayemi Cardoso made the announcement while briefing journalists on the outcome of the 302nd meeting of the Monetary Policy Com...
By Jemimah Wellington, JKNewsMedia Correspondent THE CENTRAL Bank of Nigeria (CBN) has announced it will sustain its monetary tightening stance to safeguard stability in the financial system, Governor Olayemi Cardoso has confirmed. Speaking at a fireside chat during the European Business Chamber (Eurocham Nigeria) C-Level Forum, moderated by ...
By Jemimah Wellington, JKNewsMedia Correspondent HEADLINE INFLATION slowed in June as energy prices dipped and foreign exchange rates steadied, according to the Central Bank of Nigeria (CBN). The bank’s governor, Yemi Cardoso, announced the development on Tuesday while presenting the communiqué from the Monetary Policy Committee’s (MPC) 301st...
By Maryam Adebiyi, JKNewsMedia Reporter UNEXPECTED PRICE rises in June pushed Britain’s annual inflation to 3.6percent, the highest in 18 months, posing a new challenge for the Bank of England as it weighs interest rate cuts against lingering cost pressures in the economy. The latest figures from the Office for National Statistics (OFS) show ...
By Jemimah Wellington, JKNewsMedia Reporter TRADE DEFICITS and restrictive regulations continue to dominate discussions between the United States (U.S.) and the European Union (EU). US President Donald Trump has once again criticised the EU for unfair trade practices, stating significant imbalances and demanding global interest rate reduction...
