The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has retained Monetary Policy Rate (MPR) at 12.5 per cent and held all other policy parameters constant. The CBN Governor, Mr Godwin Emefiele disclosed this while reading the communique after the MPC meeting in Abuja on Monday. Emefiele explained that the committee retained Read More…
Day: 20 July 2020
2020 Nigeria Mining Week to hold virtually in October
Picture above credit: Muscle and mud: Nigeria has an estimated 500,000 artisanal gold miners ©Tom Saater/FT The 2020 Nigeria Mining Week will hold virtually in October following the outbreak of Coronavirus pandemic, Minister of Mines and Steel Development, Mr Olamilekan Adegbite, has said. Adegbite, who disclosed this in Abuja at the News Agency of Nigeria Read More…
Nigeria’s inflation rate hits 12.56%
The National Bureau of Statistics (NBS) says Consumer Price Index, (CPI) which measures inflation increased to 12.56 per cent year-on-year in June 2020. The NBS made this known in its CPI and Inflation Report for June released on Friday. It stated that the report showed that June inflation was 0.16 per cent points higher than Read More…