Obaseki Faults CBN’s New Monetary Policy, Calls For Boosting Local Production

Governor Obaseki criticizes CBN’s decision to raise Monetary Policy Rate to 22.75% He advocates for boosting local production to meet demand for goods and services Obaseki says economic and monetary policies must work together for growth Eko Hot Blog reports that Governor Obaseki criticizes the CBN’s decision to raise the monetary policy rate to 22.75%. … Read more

FG Has Spent N1.3tr To Import Rice, Wheat, Others Thus Far Says CBN

CNB

The Central Bank of Nigeria on Tuesday revealed that not less than N1.3 trillion was spent by the Federal Government on the importation of rice, fish, sugar and wheat in the last 12 months. The bank’s Deputy Governor, Corporate Services, Edward Lametek, spoke at a seminar organised for Finance reporters in Owerri, Imo State. Speaking … Read more