* CBN mops N600bn from banking system The Central Bank of Nigeria yesterday tightened banks’ liguidity position by jacking up Cash Reserve Ratio (CRR) on public sector deposits to 50 per cent even as it retained the Monetary Policy Rate (MPR), its lending benchmark for Deposit Money Banks, at 12 per cent and the symmetric corridor of +/-200 basis points around the midpoint. Read more... * FG establishes mortgage refinance firm The Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala confirmed yesterday that the government had established a mortgage company which will make it possible for many Nigerians to own their own houses at affordable rates. Read more... * NEITI tasks National Assembly on PIB The Nigeria Extractive Industries Transparency Initiative (NEITI) has called on the National Assembly to ensure that contract transparency is clearly embedded as key provisions in the Petroleum Industry Bill (PIB). Read more...
Posted on: Wed, 24 Jul 2013 08:42:08 +0000
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