The Central Bank

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4m
Newsmax
Americans Love This Job Market But Aren't as Keen on Spendingso, the Conference Board survey underscores Federal Reserve policy makers’ asse
Americans Love This Job Market But Aren't as Keen on Spending
Newsmax / Posted 4 minutes ago
so, the Conference Board survey underscores Federal Reserve policy makers’ assessment of employment, giving the central bank another reason to raise interest rates. The poll showed the share of Americans who said jobs were plentiful... Read more
4 related stories
12m
AllAfrica.com
MTN Shares Slump Over Graft Allegationsmanager Vestact, said by phone. "It's difficult to move money out of the countr
MTN Shares Slump Over Graft Allegations
AllAfrica.com / Posted 12 minutes ago
manager Vestact, said by phone. "It's difficult to move money out of the country illegally as it has to be moved through the Central Bank." MTN shares had fallen earlier on Tuesday after the Nigerian telecommunications regulator blocked the... Read more
2 related stories
12m
AllAfrica.com
Sale of Assets As Dangerous Policy Myopia?(under privatization programme) and does anyone remember what we did with the p
Sale of Assets As Dangerous Policy Myopia?
AllAfrica.com / Posted 12 minutes ago
(under privatization programme) and does anyone remember what we did with the proceeds? At some point, this country must start learning and not repeat the same mistake year in year out. Soludo is former governor of the Central Bank of Nigeria (C... Read more
46m
Zero Hedge
Will Yellen Resign If Trump Wins1980s. But while the Fed's implicit role in US politics, and especially its fu
Will Yellen Resign If Trump Wins
Zero Hedge / Posted 46 minutes ago
1980s. But while the Fed's implicit role in US politics, and especially its funding, is nothing new, never before has the central bank played such a prominent role in every aspect of the economy, and certainly capital markets. Which brings us... Read more
2 related stories
1h
Newsmax
Economist Paul Ashworth: 'Yellen Would Resign Fairly Quickly' If Trump Wins White Housepolitical heat off the rest of the FOMC," he added. In Monday night’s presiden
Economist Paul Ashworth: 'Yellen Would Resign Fairly Quickly' If Trump Wins White House
Newsmax / Posted an hour ago
political heat off the rest of the FOMC," he added. In Monday night’s presidential debate, Trump repeated his claim that the central bank was keeping interest rates low in order to boost the stock market and help the Obama administration. “We're... Read more
2 related stories
1h
iol.co.za
Reborn Russian Ponzi scheme scams AfricansZimbabwe and South Africa – and indeed the original MMM scheme – a branch is no
Reborn Russian Ponzi scheme scams Africans
iol.co.za / Posted an hour ago
Zimbabwe and South Africa – and indeed the original MMM scheme – a branch is now proving increasingly popular in Nigeria. The Central Bank of Nigeria has been forced to step in, warning consumers not to deposit money in any institution that is not... Read more
1h
AllAfrica.com
Britam Forecasts Rise in Mortgage Uptake in Era of Interest Rate Caps(Amendment) Act 2016, which came into force on September 14, sets the maximum l
Britam Forecasts Rise in Mortgage Uptake in Era of Interest Rate Caps
AllAfrica.com / Posted an hour ago
(Amendment) Act 2016, which came into force on September 14, sets the maximum lending rate at four percentage points above the Central Bank Rate (CBR). The law also sets the minimum returns payable by banks on customer deposits at 70 per cent of... Read more
1h
Reuters
Futures little changed ahead of Yellen's testimonyCommittee. Yellen's testimony will be watched for clues on the timing of the n
Futures little changed ahead of Yellen's testimony
Reuters / Posted an hour ago
Committee. Yellen's testimony will be watched for clues on the timing of the next interest rate hike, a week after the central bank held rates steady but said a move could come later this year. Fed presidents and voting members Esther... Read more
1h
Zero Hedge
Futures Fail To Rebound As Deutsche Bank Tries To Comfort Markets That It Is "Fine"Loretta Mester and Esther George, both of whom voted in favor of an interest-ra
Futures Fail To Rebound As Deutsche Bank Tries To Comfort Markets That It Is "Fine"
Zero Hedge / Posted an hour ago
Loretta Mester and Esther George, both of whom voted in favor of an interest-rate increase at last week’s policy review. The central bank held borrowing costs steady on Sept. 21 and futures prices reflect roughly 50-50 odds of a hike by December,... Read more
1h
Fortune
This Fed President Says the U.S. Economy Can Handle a Rate Hikeinterest rates without threatening the U.S. economic recovery, a top Federal Re
This Fed President Says the U.S. Economy Can Handle a Rate Hike
Fortune / Posted an hour ago
interest rates without threatening the U.S. economic recovery, a top Federal Reserve policymaker said on Tuesday, saying the central bank risks doing more harm by continued inaction. “It is getting harder and harder to justify interest rates... Read more
2 related stories
3h
AllAfrica.com
NCAA to Meet Foreign Airlines Over Naira Rejection for Transactionson how to repatriate funds to the tune of $600 million. The introduction of for
NCAA to Meet Foreign Airlines Over Naira Rejection for Transactions
AllAfrica.com / Posted 3 hours ago
on how to repatriate funds to the tune of $600 million. The introduction of foreign exchange flexible policy by the Central Bank of Nigeria (CBN) notwithstanding, a substantial part of the fund remains stuck till date. Sources said the... Read more
3h
AllAfrica.com
2019 General Elections in Danger, Says Senateits bankers (Standard Chartered Bank) within the regulatory period of 24 hours
2019 General Elections in Danger, Says Senate
AllAfrica.com / Posted 3 hours ago
its bankers (Standard Chartered Bank) within the regulatory period of 24 hours of the inflow." Melaye further alleged that the Central Bank of Nigeria (CBN) was not notified of this inflow by Standard Chartered Bank within 48 hours of receipt and... Read more
3h
AllAfrica.com
Investors Blame Market Woes On Govt PoliciesCapital market stakeholders have bemoaned government economic policies, especia
Investors Blame Market Woes On Govt Policies
AllAfrica.com / Posted 3 hours ago
Capital market stakeholders have bemoaned government economic policies, especially the recent decision by the Central Bank of Nigeria (CBN) to retain interest rate at 14 per cent, They said that the policy was disincentive to investment for both... Read more
3h
AllAfrica.com
Banks Remain Strong, CBN Tells AfreximbankThe Central Bank of Nigeria (CBN) has reiterated that the nation's Deposit Mone
Banks Remain Strong, CBN Tells Afreximbank
AllAfrica.com / Posted 3 hours ago
The Central Bank of Nigeria (CBN) has reiterated that the nation's Deposit Money Banks are strong despite the ongoing challenges in the foreign exchange market. CBN Governor, Godwin Emefiele, at the third quarterly meetings of the Board of Directors... Read more
3h
AllAfrica.com
Crane Bank's Move to Sell Stake Is Goodand majority have attributed this to the high interest rates in the commercial
Crane Bank's Move to Sell Stake Is Good
AllAfrica.com / Posted 3 hours ago
and majority have attributed this to the high interest rates in the commercial bank lending space. But a recent study by the central bank put high interest rates as contributing to less than one per cent of the factors responsible for... Read more
3h
Reuters
Putin faces dilemma after vote win: How to prolong a system based on himselffind his style too soft. Speculation about other possible successors ranges fr
Putin faces dilemma after vote win: How to prolong a system based on himself
Reuters / Posted 3 hours ago
find his style too soft. Speculation about other possible successors ranges from the defense minister to the governor of the central bank to the new and unknown head of the presidential administration. One new name to have emerged after the... Read more
3h
Daily News
Entrust Securities: Chanuka Ratwatte, Board members further remandedfund of the Ceylon Electricity Board and several other state institutions. Ent
Entrust Securities: Chanuka Ratwatte, Board members further remanded
Daily News / Posted 3 hours ago
fund of the Ceylon Electricity Board and several other state institutions. Entrust Securities PLC is a primary dealer of the Central Bank (CB), and is being investigated by the Financial Crimes Investigation Division (FCID) of the Police. The... Read more
3h
Market Watch
European stocks erase monthly loss as oil firms, Deutsche Bank rallythe First ECB Annual Research Conference in Frankfurt reiterated the need for s
European stocks erase monthly loss as oil firms, Deutsche Bank rally
Market Watch / Posted 3 hours ago
the First ECB Annual Research Conference in Frankfurt reiterated the need for structural reforms to boost economic growth. The central bank boss also said the euro area needs “more robust policy prescriptions” to promote growth. More from... Read more
4h
AllAfrica.com
Crisis Brews in FCE, Zaria Over Fraud in Students' Feesstudents and additional 82 were found not to have paid their fees into the coll
Crisis Brews in FCE, Zaria Over Fraud in Students' Fees
AllAfrica.com / Posted 4 hours ago
students and additional 82 were found not to have paid their fees into the college's Treasury Single Account (TSA) with the Central Bank of Nigeria. The management has set up a committee under my chairmanship, and we are investigating the... Read more
2 related stories
4h
AllAfrica.com
Senate Asks Buhari to Dialogue With Militants, Rejects Sale of National Assetsinclude senators from the zone. The Senate also adopted the recommendation urg
Senate Asks Buhari to Dialogue With Militants, Rejects Sale of National Assets
AllAfrica.com / Posted 4 hours ago
include senators from the zone. The Senate also adopted the recommendation urging the President to reconstitute Board of the Central Bank of Nigeria, CBN, and all other critical agencies, to ensure they operate in accordance with enabling... Read more
10 related stories
5h
AllAfrica.com
Which National Assets Are for Sale?the Ministry of Finance believe a way to economic revival lies in cutting inter
Which National Assets Are for Sale?
AllAfrica.com / Posted 5 hours ago
the Ministry of Finance believe a way to economic revival lies in cutting interest rate to enable domestic borrowing. But the Central Bank under Godwin Emefiele does not see the wisdom in this. Both groups have their supporters and it does not... Read more
5h
Reuters
More UK stimulus probably needed 'at some point': BoE's Shafik13, 2014. REUTERS/Suzanne Plunkett/File Photo LONDON Bank of England Deputy G
More UK stimulus probably needed 'at some point': BoE's Shafik
Reuters / Posted 5 hours ago
13, 2014. REUTERS/Suzanne Plunkett/File Photo LONDON Bank of England Deputy Governor Minouche Shafik said she expected the central bank would need to pump more stimulus into Britain's economy "at some point" as it adjusts to the shock of the... Read more
2 related stories
5h
Pilipino Star
DOF: Peso still 'very strong' despite declineand value of remittances, which benefits around 40 percent of the economy," Chu
DOF: Peso still 'very strong' despite decline
Pilipino Star / Posted 5 hours ago
and value of remittances, which benefits around 40 percent of the economy," Chua said. Beltran, for his part, said the central bank has ample buffer to respond should the peso persists on underperforming versus the dollar. He cited the... Read more
6h
MyMotherLode.com
Libyan general in east rejects UN backed governmentin the interview that he had returned them to the authority of the National Oil
Libyan general in east rejects UN backed government
MyMotherLode.com / Posted 6 hours ago
in the interview that he had returned them to the authority of the National Oil Corporation. Oil revenues are channeled to the central bank, which is under the authority of Tripoli. He also said he has no plans to withdraw from the area. "The... Read more
11 related stories
6h
AllAfrica.com
Survey Reveals Increase in Credit in Third Quarteravailability to households, small businesses and corporate entities, compared w
Survey Reveals Increase in Credit in Third Quarter
AllAfrica.com / Posted 6 hours ago
availability to households, small businesses and corporate entities, compared with the previous quarter. The report by the Central Bank of Nigeria (CBN) also showed that spread on overall secured and unsecured lending to households widened in... Read more
6h
AllAfrica.com
Senate Rejects Sale of National Assetscontractors who had satisfactorily completed their jobs. The Senate also urged
Senate Rejects Sale of National Assets
AllAfrica.com / Posted 6 hours ago
contractors who had satisfactorily completed their jobs. The Senate also urged the president to reconstitute the board of the Central Bank of Nigeria (CBN) and all other critical agencies and review the implementation of the Treasury single... Read more
6h
FOX News
Libyan General In East Rejects Un-Backed Governmentin the interview that he had returned them to the authority of the National Oil
Libyan General In East Rejects Un-Backed Government
FOX News / Posted 6 hours ago
in the interview that he had returned them to the authority of the National Oil Corporation. Oil revenues are channeled to the central bank, which is under the authority of Tripoli. He also said he has no plans to withdraw from the area. "The... Read more
11 related stories
6h
Manila Bulletin
DOF supports weakening local currencygives flexibility for monetary policy to refrain from reacting aggressively on
DOF supports weakening local currency
Manila Bulletin / Posted 6 hours ago
gives flexibility for monetary policy to refrain from reacting aggressively on such movements of the peso,” BSP said. The central bank pointed out that as a result of the depreciation trend, “the peso gained external price competitiveness... Read more
6h
WBOC Salisbury
Libyan general in east rejects UN-backed governmentin the interview that he had returned them to the authority of the National Oil
Libyan general in east rejects UN-backed government
WBOC Salisbury / Posted 6 hours ago
in the interview that he had returned them to the authority of the National Oil Corporation. Oil revenues are channeled to the central bank, which is under the authority of Tripoli. He also said he has no plans to withdraw from the area. "The... Read more
11 related stories
6h
WLOX-TV Biloxi
Libyan general in east rejects UN-backed governmentin the interview that he had returned them to the authority of the National Oil
Libyan general in east rejects UN-backed government
WLOX-TV Biloxi / Posted 6 hours ago
in the interview that he had returned them to the authority of the National Oil Corporation. Oil revenues are channeled to the central bank, which is under the authority of Tripoli. He also said he has no plans to withdraw from the area. "The... Read more
11 related stories
6h
Chattanooga Times Free Press
Libyan general in east rejects U.N.-backed governmentin the interview that he had returned them to the authority of the National Oil
Libyan general in east rejects U.N.-backed government
Chattanooga Times Free Press / Posted 6 hours ago
in the interview that he had returned them to the authority of the National Oil Corporation. Oil revenues are channeled to the central bank, which is under the authority of Tripoli. He also said he has no plans to withdraw from the area. "The... Read more
11 related stories
6h
WSOC-TV Charlotte
Libyan general in east rejects UN-backed governmentin the interview that he had returned them to the authority of the National Oil
Libyan general in east rejects UN-backed government
WSOC-TV Charlotte / Posted 6 hours ago
in the interview that he had returned them to the authority of the National Oil Corporation. Oil revenues are channeled to the central bank, which is under the authority of Tripoli. He also said he has no plans to withdraw from the area. "The... Read more
11 related stories
6h
Hawaii News Now
Libyan general in east rejects UN-backed governmentin the interview that he had returned them to the authority of the National Oil
Libyan general in east rejects UN-backed government
Hawaii News Now / Posted 6 hours ago
in the interview that he had returned them to the authority of the National Oil Corporation. Oil revenues are channeled to the central bank, which is under the authority of Tripoli. He also said he has no plans to withdraw from the area. "The... Read more
11 related stories
6h
The Irish Times
Low rates quickest way to return to normal, says Philip Lanecrisis. Meanwhile, the rate that banks receive for deposits lodged with the ECB
Low rates quickest way to return to normal, says Philip Lane
The Irish Times / Posted 6 hours ago
crisis. Meanwhile, the rate that banks receive for deposits lodged with the ECB is -0.4 per cent, meaning they are paying the central bank for the privilege of holding their money. “If warranted, the governing council will act by using all the... Read more
6h
Salon.com
Libyan general in east rejects UN-backed governmentin the interview that he had returned them to the authority of the National Oil
Libyan general in east rejects UN-backed government
Salon.com / Posted 6 hours ago
in the interview that he had returned them to the authority of the National Oil Corporation. Oil revenues are channeled to the central bank, which is under the authority of Tripoli. He also said he has no plans to withdraw from the area. “The... Read more
11 related stories
6h
WFTV 9 Orlando
Libyan general in east rejects UN-backed governmentin the interview that he had returned them to the authority of the National Oil
Libyan general in east rejects UN-backed government
WFTV 9 Orlando / Posted 6 hours ago
in the interview that he had returned them to the authority of the National Oil Corporation. Oil revenues are channeled to the central bank, which is under the authority of Tripoli. He also said he has no plans to withdraw from the area. "The... Read more
11 related stories
7h
Daily Herald
Libyan general in east rejects UN-backed governmentin the interview that he had returned them to the authority of the National Oil
Libyan general in east rejects UN-backed government
Daily Herald / Posted 7 hours ago
in the interview that he had returned them to the authority of the National Oil Corporation. Oil revenues are channeled to the central bank, which is under the authority of Tripoli. He also said he has no plans to withdraw from the area. "The... Read more
11 related stories
7h
WECT 6 Wilmington
Libyan general in east rejects UN-backed governmentin the interview that he had returned them to the authority of the National Oil
Libyan general in east rejects UN-backed government
WECT 6 Wilmington / Posted 7 hours ago
in the interview that he had returned them to the authority of the National Oil Corporation. Oil revenues are channeled to the central bank, which is under the authority of Tripoli. He also said he has no plans to withdraw from the area. "The... Read more
11 related stories
7h
AllAfrica.com
NSSF Net Profit Drops By Shs156 Billion(FDI) in the country. Additionally, the Shilling also depreciated by almost 20
NSSF Net Profit Drops By Shs156 Billion
AllAfrica.com / Posted 7 hours ago
(FDI) in the country. Additionally, the Shilling also depreciated by almost 20 per cent during 2015/16, which pressured the Central Bank to adjust the lending rate upwards in order to avoid inflationary pressures. "The Uganda Shilling was... Read more
7h
AllAfrica.com
Central Bank Remains Positive on Projected Growththere was no serious crisis to worry about as the banks were cleaning up their
Central Bank Remains Positive on Projected Growth
AllAfrica.com / Posted 7 hours ago
there was no serious crisis to worry about as the banks were cleaning up their books to improve the quality of assets. The central bank chief observed that the prudent monetary policy stances maintained had served to contain both inflationary... Read more
8h
AllAfrica.com
Nigeria to Meet Foreign Airlines Over Rejection of Nairaairlines are allegedly accepting payments made only with credit cards or dollar
Nigeria to Meet Foreign Airlines Over Rejection of Naira
AllAfrica.com / Posted 8 hours ago
airlines are allegedly accepting payments made only with credit cards or dollars. The practice however, contravenes the Central Bank of Nigeria's (CBN) prerequisite guiding cost of products or services in Nigeria which directs that pricing... Read more
8h
The Economic Times
Learn with ETMarkets: What’s asset purchaseCentral banks of depressed economies use quantitative easing as a monetary poli
Learn with ETMarkets: What’s asset purchase
The Economic Times / Posted 8 hours ago
Central banks of depressed economies use quantitative easing as a monetary policy instrument to bring them back on track. The central bank buys government bonds from commercial banks and with the new money received, the commercial banks can buy... Read more
9h
New Zimbabwe
SA: Internal warfare tears ANC apartGordhan over control of state finances, including the running of state-owned en
SA: Internal warfare tears ANC apart
New Zimbabwe / Posted 9 hours ago
Gordhan over control of state finances, including the running of state-owned enterprises, anticorruption agencies and the central bank. The drip of corruption allegations against Zuma and his wealthy business associates has swelled to a... Read more
10h
CNBC
Fed's Williams says higher rates won't derail US economic recoveryinterest rates without threatening the U.S. economic recovery, a top Federal Re
Fed's Williams says higher rates won't derail US economic recovery
CNBC / Posted 10 hours ago
interest rates without threatening the U.S. economic recovery, a top Federal Reserve policymaker said on Tuesday, saying the central bank risks doing more harm by continued inaction. "It is getting harder and harder to justify interest rates... Read more
2 related stories
10h
The Economic Times
San Francisco Federal Reserve Bank President John Williams says US economy can handle rate hikeinterest rates without threatening the US economic recovery, a top Federal Rese
San Francisco Federal Reserve Bank President John Williams says US economy can handle rate hike
The Economic Times / Posted 10 hours ago
interest rates without threatening the US economic recovery, a top Federal Reserve policymaker said on Tuesday, saying the central bank risks doing more harm by continued inaction. "It is getting harder and harder to justify interest rates... Read more
6 related stories
11h
iol.co.za
MTN faces new allegations in Nigeriamanager Vestact, said by phone. “It’s difficult to move money out of the countr
MTN faces new allegations in Nigeria
iol.co.za / Posted 11 hours ago
manager Vestact, said by phone. “It’s difficult to move money out of the country illegally as it has to be moved through the central bank.” Nigeria Trade and Investment Minister Okechukwu Enelamah was among people “who MTN used” in moving the... Read more
12h
Reuters
Fed's Williams says U.S. economy can handle rate hikeinterest rates without threatening the U.S. economic recovery, a top Federal Re
Fed's Williams says U.S. economy can handle rate hike
Reuters / Posted 12 hours ago
interest rates without threatening the U.S. economic recovery, a top Federal Reserve policymaker said on Tuesday, saying the central bank risks doing more harm by continued inaction. "It is getting harder and harder to justify interest rates... Read more
2 related stories
13h
Bangkok Post - Thailand's English news
BoT sounds cautious note on export surgeinsufficient to predict a growth trend in shipments. PATTARACHAI PREECHAPANICH
BoT sounds cautious note on export surge
Bangkok Post - Thailand's English news / Posted 13 hours ago
insufficient to predict a growth trend in shipments. PATTARACHAI PREECHAPANICH After August's surprising export rebound, the central bank chief has rushed to tamp down optimism, saying careful monitoring of shipments is still needed amid the... Read more
14h
The Hill
Senate Dems block spending bill as shutdown looms | Tensions flare over Flint, race | Labor Dept. to probe Wells Fargorequire major U.S. banks to bolster their capital and allow smaller lenders to
Senate Dems block spending bill as shutdown looms | Tensions flare over Flint, race | Labor Dept. to probe Wells Fargo
The Hill / Posted 14 hours ago
require major U.S. banks to bolster their capital and allow smaller lenders to skip a key part of regular stress testing. The central bank will require large lenders like Bank of America, JPMorgan Chase, Wells Fargo and Citigroup to build up... Read more
15h
The Irish Times
Low interest rates is quickest way to return to normal, says Philip Lanecrisis. Meanwhile, the rate that banks receive for deposits lodged with the ECB
Low interest rates is quickest way to return to normal, says Philip Lane
The Irish Times / Posted 15 hours ago
crisis. Meanwhile, the rate that banks receive for deposits lodged with the ECB is -0.4 per cent, meaning they are paying the central bank for the privilege of holding their money. “If warranted, the governing council will act by using all the... Read more
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