Business

MPC: Interest rate hike‘ll attract forex inflows, ease inflation pressure-Experts

Ihesiulo Grace 28 September 2022 0

By Motolani Oseni As widely projected, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Tuesday hiked the benchmark interest rate to 15.5 per cent, a development that some finance analysts described as a way to lure foreign inflows into the country and ease the

Business

MPC: CBN reduces benchmark interest rate to 12.5%

Ihesiulo Grace 29 May 2020 0

 .Retains other economic parameters .Decision will ensure the economy is afloat -Uwaleke The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Thursday reviewed downwards Monetary Policy Rates from 13.5 per cent to 12.5 per cent. It, however, held all other economic parameters unchanged. The MPR is the instrument used by the […]

Business

MPC may retain all parameters, Uwaleke predicts

Ihesiulo Grace 25 May 2020 0

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) may retain all the policy parameters except for the Cash Reserve Ratio (CRR) in its upcoming meeting, renowned Professor of Finance and Capital Market at the Nasarawa State University, Keffi, Uche Uwaleke predicted. Recall, Prof. Uwaleke had earlier predicted the CRR’s reduction from […]

News

MPC says price increase in goods reactionary, temporary

Ihesiulo Grace 27 November 2019 0

Abuja – The Monetary Policy Committee (MPC), says it is in support of the Federal Government closure of its land borders. According to the Committee, the upward price increase arising from this closure is reactionary and temporary. Mr Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN) made this known while reading the communique […]

Business Top Stories

Nigeria economy may relapse to recession if…MPC warns

Ihesiulo Grace 26 September 2018 0

…Cautions FG over elections spending, insecurity, flooding …Retains MPR at 14 percent, CRR 22.5%, Liquidity Ratio at 30% The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has warned that the country may slip into recession again if the Federal Government did not take urgent steps to address the imminent danger, noting […]

Business Top Stories

Save for rainy days, MPC tells FG

Ihesiulo Grace 25 July 2018 0

…Retains lending rate for 12th consecutive time …Wants banks to lend at 9% to real, agric sectors The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has advised the Federal Government to save for the rainy day especially now that the price of crude oil is relatively high, adding that the increased […]

Business Top Stories

MPC to FG: Reduce spending, save for rainy day

Ihesiulo Grace 23 May 2018 0

…Takes pre-emptive measures to sustain economic growth …Retains MPR at 14% for 11 consecutive time, CRR at 22.5% The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has advised the Federal Government to take advantage of the increasing oil price at the international market to cut its excessive spending and save more […]

Business Top Stories

MPC: Experts differ on benchmark interest rate

Ihesiulo Grace 21 May 2018 0

…I expect MPC to reduce MPR to 13.5%, says Uwaleke …Committee members likely to cut interest rates – FDC …No, I don’t expect any change in the rates – Adedipe Expectations are high over the reduction of the Monetary Policy Rate (MPR), as the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) […]

Business Top Stories

For 10th time, MPC retains 14% rate to consolidate reforms

Ihesiulo Grace 5 April 2018 0

* Pegs CRR at 22.5 per cent * Wants FG to offset N2.7trn contractors’ debts The members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) have for the 10th consecutive period, voted to retain anchor lending rate (MPR) at 14%, Cash Reserves Ratio .22.5%, Liquidity 30% across Asymmetric Corridor at […]

Business

Experts set agenda for Monetary Policy Committee, seek interest rate of 13%

Ihesiulo Grace 26 March 2018 0

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 […]

Business News Top Stories

Economy remains strong despite MPC postponement

Ihesiulo Grace 22 January 2018 0

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has allayed the fears of Nigerians and the international community over the inability of the Bank to hold the Monetary Policy Committee (MPC) meeting earlier scheduled for Monday, January 22 and Tuesday, January 23, 2018 due to the non-confirmation of the MPC nominees […]

Business News Top Stories

MPC retains lending rate at 14% to consolidate forex gains, macro-economic reforms

Ihesiulo Grace 22 November 2017 0

In an effort to consolidate on the mileage recorded by the nation’s economy and deepen its impact, members of the Monetary Policy Committee( MPC) of the Central Bank of Nigeria(CBN), on Tuesday, voted to retain the monetary rate at the end of its meeting for 2017. Consequently, the MPC retained the Monetary Policy Rate (MPR) […]

Business Top Stories

MPC: Anxiety as uncertainty faces financial stakeholders, manufacturers

Ihesiulo Grace 20 November 2017 0

Anxiety, expectations have continued to rise over the likely outcome of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), as it begins its last for the year, between today and tomorrow 20th and 21st of November, 2017. This is because there have been pressures from different financial stakeholders seeking for reduction […]

Business Economy

MPC leaves monetary policy rates unchanged

Ihesiulo Grace 26 September 2017 0

At the end of its 258th meeting (fifth this year), the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) voted to maintain status quo for the seventh consecutive session by retaining the: Monetary Policy Rate (MPR) at 14.0%; Asymmetric corridor around the MPR at +200/-500bps; Cash Reserves Ratio (CRR) at 22.5%; and Liquidity Ratio […]

Business

Experts commend retention of 14% interest rate by MPC

Ihesiulo Grace 26 January 2017 0

Some financial experts yesterday said the Federal Government’s fixed income securities would continue to enjoy higher patronage with the retention of the interest rate at 14 percent by the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN). They told newsmen in Lagos while reacting to the outcome of the maiden MPC meeting […]