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 inflation pressure. The MPC of the […]
.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 […]
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 […]
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 […]
…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 […]
…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 […]
…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 […]
…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) […]
* 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 […]
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 […]
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 […]
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) […]
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 […]
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 […]
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 […]