The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to hold the Monetary Policy Rate (MPR) at 11.5 per cent for the umpteenth time. Reading a communiqué after the committee’s 282nd meeting on Tuesday, Mr Godwin Emefiele, the CBN Governor, said the MPC also[Read More…]
Tag: policy
100 tonnes of mutilated naira notes destroyed weekly—CBN
The Central Bank of Nigeria (CBN) said that about 100 tonnes of bad naira notes were generated as waste and destroyed weekly through open air burning at its 12 disposal centres across the country. Meanwhile, the apex bank has commenced the process of collaboration with private firms to recycle bad[Read More…]
Consumers’ Assembly make debut in Nigeria
Consumers’ Assembly, the first Consumers’ news portal in Nigeria and beyond has set the tune of engagement between consumers, regulatory agencies, policy makers, and brand handlers. The focus is to empower CONSUMERS through information, enlightenment, education and advocacy. Our operation is centered on content development and publication, interactive event planning[Read More…]
Manufacturing PMI drops to 59.2 index points in January — CBN
THE Central Bank of Nigeria, CBN, said that the Manufacturing Purchasing Managers Index, PMI, dropped marginally to 59.2 index points in January though activities in sector expanded for the 34th consecutive months. The January Manufacturing PMI represents 1.6 index points decline when compared to the 60.2 index points recorded in[Read More…]
Bank Customers… Beware of fraudulent emails
Customers of GTBank are at high risk of loosing their hard earned money to fraudsters. In case you one of GTBank customers, you need to be more careful about the emails you open because your account balance could just be wiped out in a blink of an eye. You don’t[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]