This is the third consecutive tightening of the lending rate, known as the Monetary Policy Rate (MPR), by the MPC under Mr Cardoso.
“There is a risk that ongoing work by members of the legislature to amend the CBN Act could weaken the central bank’s governance and autonomy,” IMF stressed.
He said the initiative aimed to catalyse farming activities and nutrition security in line with President Bola Tinubu’s emergency declaration on food security.
CAC said the registration aimed to safeguard the businesses of fintech’s customers and strengthen the economy. It gave July 7 as the deadline for the registration.
Mr Ajaero said the NLC vehemently condemned the directives on cybersecurity and called for immediate stoppage and reversal of the policy.
Three per cent will be charged for deposits above three million naira for corporate accounts.
“It is extremely difficult for investors to plan under these unstable circumstances.”
He also advised government on the urgent need to rejig its cash transfer programmes to ensure effectiveness, transparency and accountability.
“Nigeria must transcend the concept of a mere minimum wage to embrace the notion of a living wage.
The CBN governor is to appear to give some explanations on the role of the apex bank in the November 11, 2023, off-cycle election in Kogi.
