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Tag Archives: CBN

CBN Explains Why It Saved Etisalat

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

  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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