Tag: Central Bank
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LCCI tasks FG on prudent fiscal measures, investment friendly tax policies to tame inflation
The Lagos Chamber of Commerce and Industry (LCCI) has urged government to adopt prudent fiscal policy measures and investment friendly tax policies that work in tandem with the efforts of the Central Bank of Nigeria (CBN) to tame inflation.
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CBM revokes licenses of 13 forex companies
The Central Bank of Myanmar (CBM) has announced the revocation of licenses from 13 foreign currency exchange companies. This decision was made during a meeting of the central bank’s executive committee on Monday
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Central bank governor to end term without successor
Lebanon’s veteran central bank governor, Riad Salameh, is set to end his term on Monday without a successor. Salameh, 73, who has been in the post since 1993, was seen inside the central bank waving
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Climbing the Mount Everest of eternal life – By Femi Aribisala
Jesus is walking down the road, and there is this strange man in flowing white agbada running after Him. The man is running like a mad man. He is running and shouting. What could possibly be the matter? But wait a minute. The man running after Jesus is no ordinary man. He is actually the…
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Australian central bank keeps monetary policy unchanged
Australia’s central bank maintained its interest rate as well as bond purchase programme on Tuesday, as widely expected, as these measures continued to help the economy by keeping financing costs very low. The policy board of the Reserve Bank of Australia headed by Governor Philip Lowe decided to leave its cash rate unchanged at a…
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India central bank cuts interest rates to boost economy
India’s central bank on Thursday unexpectedly lowered interest rates and, as anticipated, shifted its stance to “neutral” from “calibrated tightening” to boost a slowing economy after a sharp fall in the inflation rate. The monetary policy committee (MPC) of the Reserve Bank of India cut the repo rate by 25 basis points to 6.25 per…
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EFCC moves for interim forfeiture of Bankers Warehouse’s $2.8m
The Economic and Financial Crimes Commission, EFCC, Enugu Zonal Office, has filed a motion at a Federal High Court, Enugu, seeking an order for the interim forfeiture of the $2.8million seized from two men last week. Also filed is an affidavit of urgency for the matter to be heard on December 27, 2018, before a…
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Surging Bitcoin breaks through $1,000 barrier
The value of Bitcoin surged above $1,000 on Monday as the digital unit continues a dizzying rise that made it the best-performing currency of 2016. Its value has more than doubled in the last year and it was trading at around $1,024 in afternoon European trading on Monday, after breaking through the $1,000 mark on…