SAMUEL MOBOLAJI The naira appreciated in the official foreign exchange market on Tuesday, closing at N1,349.5 per US dollar, its strongest level since May 29, 2024, when it last traded below the N1,350 mark. Data from the official window showed the local currency improved from N1,354.9 per dollar recorded on Monday, reflecting sustained gains amid […]
The Monetary Policy Committee of the Central Bank of Nigeria has retained the benchmark interest rate at 27 percent, extending its pause on monetary tightening. Olayemi Cardoso, governor of the apex bank, announced the decision on Tuesday after the committee’s 303rd meeting in Abuja. Cardoso said the MPC voted “by a majority” to keep the […]
…Say Banks may have little to lend to key sectors …Mopping up liquidity behind MPC decision-Emiefele Experts have raised concern over the decision of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to raise Cash Reserve Ratio (CRR) from 22.5 per cent to 27.5 per cent. The MPC, on Friday, maintained […]
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has raised Nigeria’s Cash Reserve Ration by 500 points from 22.5 per cent to 22.7 per cent. The Committee said the decision is to help address ‘Monetary induced inflation’ It also said banks must be compelled to grant loans to the private sector which […]
Some financial experts on Monday expressed optimism that the Monetary Policy Committee, MPC, would ensure ease the Monetary Policy Rate, MPR, at its first 2018 meeting slated for April 3 and April 4. The financial experts said this in an interview with the News Agency of Nigeria while reacting to expectations for the long-awaited first […]
As Nigerian Lawmakers set to approve into nominations for the Central Bank of Nigeria (CBN’s) Monetary Policy Committee (MPC), the apex bank Governor on Thursday hinted that bank will delay its next interest rate-setting meeting until the first week of April. This was because of the political spat over nominations for its MPC , this […]
The Nigerian currency, Naira, a day after the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held major economic indices unchanged, stood steadied against the three major foreign currencies, across the official and official forex markets, Daily Times check has revealed. But the Nigerian Autonomous Foreign Exchange (NAFEX) widow, rebounded from its […]
.MPC may retain economic instruments for 8th times – Expert .Benchmark interest rate, CRR reduction top agenda .Its too early to reduce interest rate-Afrinvest The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) may be under severe pressure over some economic decisions it will take today. Consequently, pressures from different financial stakeholders […]
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained all key indicators. The rate was announced by the Governor of the Central Bank, Mr Godwin Emefiele, at the end of the meeting held on Tuesday in the nation’s capital, Abuja. He said the decision was reached after the committee members […]