Again, CBN Hikes Interest Rate To 26.25%
BY COBHAM NSA – The Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate (MPR) by 150 basis points to 26.25 Per cent from 24.75 percent. Riding…
MPC
Soaring Inflation Worries Experts As CBN Shelves MPC Again
BY EDMOND ODOK – In spite of growing complaints of soaring inflation across the country, the Central Bank of Nigeria (CBN) has again postponed its Monetary Policy Committee (MPC) meeting…
MPC Walks Emefiele’s Path, Hikes Interest Rate To 18.75%
BY EDMOND ODOK – As the battle to tame the country’s galloping inflation continues in the post-Godwin Emefiele’s era as Central Bank of Nigeria (CBN) Governor, the Monetary Policy Committee…
Economy: CBN Applauds Nine-Quarters Consecutive Growth
Raises MPR by 50 basis points to 18.0% Retains CRR, Liquidity Ratio at 32.5%, 30% respectively BY EDMOND ODOK – The Central Bank of Nigeria (CBN) is upbeat that the…
CBN Keeps Interest Rate At 11.5%, Eyes Inflation Drop In 2022
BY EDMOND ODOK – With eyes on the 2023 general elections, the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 11.5 per cent. Rising from…
Communique Of MPC Meeting Held On January 25 And 26, 2021
CENTRAL BANK OF NIGERIA COMMUNIQUÉ NO. 134 OF THE MONETARY POLICY COMMITTEE MEETING HELD ON MONDAY 25th AND TUESDAY 26th JANUARY 2021 The Monetary Policy Committee (MPC) held its first…
CBN Rejects COVID-19 Lockdown, Keeps Interest Rate At 11.5%
Says economy enjoys N8.8trn boost BY COBHAM NSA, ABUJA – The Monetary Policy Committee (MPC) of the Central Bank of Nigeria says the Nigerian economy will not survive another round…
Senate Confirms Obiora For CBN’s Job
BY EDMOND ODOK, ABUJA – Following his screening on Wednesday by the Senate Committee on Banking, Insurance and Other Financial Institutions, Dr Kingsley Isitua Obiora has been confirmed as the…
CIFAN Lauds CBN Over CRR, Okays Move As `Proactive’
The National Co-operative Financing Agency of Nigeria (CFAN) has described as a bold and laudable move for the economy recent Cash Reserve Ratio (CRR) increment by the Monetary Policy Committee…
CBN Keeps MPR At 13.5%
Mulls DMBs’ loan-to-deposit ratios review BY COBHAM NSA, ABUJA – With differing opinions by financial experts still trailing its monetary policy direction, the Central Bank of Nigeria (CBN) has retained…