CBN Raise Monetary Policy Rate From 27.25 To 27.50
Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate to 27.50 per cent from 27.25 per cent as part of efforts to combat surging inflation. The CBN governor, Yemi Cardoso, announced this at the end of its last Monetary Policy Committee meeting in Abuja, making it the sixth rate hike this year. Cardoso […]
CBN Warns against Fraudulent Contracts, Project Funding Claims
The Central Bank of Nigeria (CBN) has cautioned Nigerians to beware of fraudsters claiming to possess contract award letters or special financial interventions allegedly linked to the bank. In a statement issued by Mrs Hakama Ali, Acting Director Corporate Communications Department, the apex bank dismissed such claims as fraudulent reiterating that the CBN, under its […]
