The CBN’s Monetary Policy Committee (MPC) raised its benchmark interest rate by 25 basis points to 18.75% from 18.50%, the highest rate since MPR was adopted in 2006. It however narrowed the asymmetric corridor to +100/-300 basis points from +100.-700 basis points around the policy rate. Cash Reserve Ratio (CRR) and Liquidity Ratio (LR) are…
THE DEPUTY PRESIDENT, LCCI – MR. GABRIEL IDAHOSA, FCA PAST PRESIDENT, LCCI – OLORI (DR.) NIKE AKANDE, CON VICE PRESIDENTS HERE PRESENT DIRECTOR GENERAL, LCCI – DR. CHINYERE ALMONA, FCA DISTINGUISHED GENTLEMEN OF THE PRESS I PRESENT THE COMPLIMENTS OF THE LAGOS CHAMBER OF COMMERCE AND INDUSTRY (LCCI) TO YOU ALL AT THIS THIRD PRESS…
The Lagos Chamber of Commerce and Industry views with concern incidents of speculation around the pricing of PMS and the opaqueness in the pricing mechanism of petroleum products in the downstream sector. The Chamber is also worried by the likely implications of the dominance of a monopoly supplier like the NNPC Limited on competition. The…
