Ayo Omotayo

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NIPSS Seeks Reps Support to Amend Act

THEWILL -
The National Institute for Policy and Strategic Studies (NIPSS) has sought the support of House of Representatives to amend the law that established it. Prof. Ayo Omotayo, the Director-General, NIPSS led the delegation of member of staff to the Speaker...
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BusinessOgochukwu Onwaeze, THEWILL -

CBN Cuts Rates By 350bps, But Banks Still Earn Above 17 Percent On Securities

The CBN reduced its Monetary Policy Rate from 26.5 percent to 23 percent in September, signalling a shift towards a less restrictive monetary policy environment. However, yields on Open Market Operations bills and Federal Government bonds have remained elevated, cushioning the immediate impact of the policy change on banks’ investment income.
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