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Tag Archives: Monetary Policy Committee

CBN to monitor banks’ lending to politicians ahead of 2019 elections

CBN Governor, Mr. Godwin Emefiele

The Central Bank of Nigeria on Thursday said it would monitor the rate at which banks provide loans to politicians to finance their campaign spending ahead of the 2019 general elections. The Governor of the CBN, Mr Godwin Emefiele, disclosed this while briefing journalists shortly after a two-day Monetary Policy …

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Economy may slip back into recession – CBN

CBN Governor, Mr. Godwin Emefiele

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday warned that weak economic fundamentals currently being shown by the economy were putting the country’s exit from recession under threat. The Nigerian economy exited recession in 2017 after suffering contraction for five consecutive quarters. Addressing journalists shortly after …

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