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Nigeria’s economy on right tract, says CBN

Ihesiulo Grace 13 August 2021 0

Dr Hassan Mahmud, Director, Monetary Policy Department of the Central Bank of Nigeria (CBN) said there were positive sides to Nigeria’s economic growth, despite uncertainties in the domestic and global economy. Mahmud said this at the Mid-year Economic Review and Outlook 2021, organised by the

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Excess liquidity in banking system threatens naira stability, inflation – MPC member

Ihesiulo Grace 13 February 2020 0

A member of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) and Deputy Governor, Corporate Services, Central Bank of Nigeria (CBN), Edward Adamu, has said that excess liquidity in the banking system is a real threat to the stability of the naira exchange rate just as it is to inflation. The […]

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Experts predict retention of monetary rates ahead MPC meeting

Ihesiulo Grace 25 November 2019 0

Ahead of the last Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) for 2019, financial experts have predicted retention of major economic parameters. At the close of the last meeting, MPC members voted to hold all parameters of the monetary indices – meaning the retention of anchor lending rate, (Monetary Policy […]

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Why Nigeria’s external reserves stand at $41.39bn – MPC member

Ihesiulo Grace 14 October 2019 0

…As weakening oil prices, others affect reserves A member of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has explained why the nation’s external reserves are on a downward trend. The MPC member, Mike Obadan, in his personal statement, explained that weakening in the global oil prices and intervention in the […]

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CBN May Not Cut Rates To Keep Foreign Investors-Ebo

Ihesiulo Grace 27 January 2018 0

In spite of expressed optimism by the governor of the Central Bank of Nigeria (CBN) that the bank will begin a gradual cut in monetary policy rates by the end of the second half of the year, the Chief Executive of Afrinvest Securities Limited, Ayodeji Ebo says a rate cut will be unlikely due to […]

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Economic recovery should determine monetary policy – Economist

Ihesiulo Grace 26 May 2017 0

Chief Executive Officer (CEO), Economic Associates, Mr Ayo Teriba, has said that economic recovery should be the overriding consideration for monetary policy. He said this on Thursday in Abuja while speaking with the News Agency of Nigeria (NAN) on the outcome of the Monetary Policy Committee (MPC) meeting concluded on Tuesday. The MPC had again […]

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Recession: Banks critical in ensuring economy recovery – Economist

Ihesiulo Grace 30 March 2017 0

As Nigeria continues to look for how to exit current economy recession, a Professor of Financial Economics, University Uyo, Leo U. Ukpong, has said Deposit Money Banks (DMBs) operating in the country are critical in ensuring proper workings of the Nigeria’s economy. . A review of the recent Gross Domestic Product (GDP) figures released by […]

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MPC retains 14% interest rate, says fiscal policy, panacea for economic growth

Ihesiulo Grace 22 March 2017 0

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained all monetary policy rates, saying the solution to current stunted economic growth and unemployment was with the fiscal authorities. The CBN Governor, Mr Godwin Emefiele, said this in Abuja while addressing newsmen on the outcome of the second MPC meeting […]

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CBN and its monetary policy management

Ihesiulo Grace 7 February 2017 0

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its first meeting of fiscal 2017 on 23rd and 24th January 2017 against the backdrop of economic developments. Over the last few weeks the pillars of the global old order – free trade, multilateralism, and globalization have come under intense pressure, and […]

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CBN Boss Calls for Agricultural Rejuvenation

Ihesiulo Grace 18 May 2015 0

  The need to embrace agriculture in the nations strive for economic transformation, has again been stressed. Making this call was Mr. Moses Tule, Director, Monetary Policy, Central Bank of Nigeria (CBN) during the Second In-House Review meeting of the Institute of Food Security Environmental Resources and Agricultural Research (IFSERAR), Federal University of