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Tag Archives: CBN

CBN Explains Why It Saved Etisalat

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The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, said on Tuesday that Etisalat, one of the biggest telecommunication companies in Nigeria, remains strong with a solid revenue base. Emefiele stated this while fielding questions from journalists at the end of the Monetary Policy Committee (MPC) meeting …

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Senate to Engage CBN Over MPR

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  The Nigerian Senate has expressed concern that the country’s double-digit interest rate of 14 per cent places limit on the access of businesses to credits from commercial banks, which, ironically, continue to declare huge profits, mostly from risk-free government securities. The Senate on Tuesday, therefore, resolved to mandate its …

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