CBN Raises Interest Rate To 24.75%
Says security agencies probing FX infractions Insists no hiding place for Binance BY COBHAM NSA – In line with its resolve to continue tightening the monetary policy cycle as part…
MPR
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…
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…
CBN Drops MPR To 12.5%
Maintains other monetary policy parameters BY EDMOND ODOK, ABUJA – Bowing to pressure occasioned by the harsh economic realities of the coronavirus (COVID-19) pandemic, the Monetary Policy Committee (MPC) of…
Govt Securities: CBN Tackles Banks’ Huge Investment Appetite
Retains MPR at 13.5% BY COBHAM NSA, ABUJA – The Central Bank of Nigeria (CBN) is set to introduce stringent measures to curtail Deposit Money Banks’ (DMBs) huge appetite for…
Cheering News As CBN Slashes MPR To 13.5%
First ever in over 2years BY COBHAM NSA, ABUJA – For the first time since July 2016, the Central Bank of Nigeria (CBN) on Tuesday lowered the Monetary Policy Rate…
Again, MPC Keeps Interest Rate At 14%
BY EDMOND ODOK, ABUJA – As expected, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has maintained an unchanged Monetary Policy Rate (MPR) at 14 per…
CBN Keeps MPR At 14%, Eyes FX Stability
BY EDMOND ODOK, ABUJA – The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is keeping faith with market expectations as it left the Monetary Policy Rate (MPR)…
Botched MPC Meeting: Emefiele Calms Nerves, Insists Economy Stays Strong
BY EDMOND ODOK, ABUJA – With the Nigerian Senate yet to confirm the Monetary Policy Committees (MPC) nominees presented by President Muhammadu Buhari over three months ago, the Central Bank…