CBN increases Interest Rate to 18.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Wednesday, raised its interest rate or Monetary Policy Rate (MPR) to 18.5 per cent from 18 per cent.
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Monetary Policy Committee
Senate confirms 7 Members of CBN’s Monetary Policy Committee
The Senate, on Wednesday, confirmed the nominations of seven members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN).
The confirmation of the nominees followed the consideration of a report by the Committee on…
Buhari seeks confirmation, membership renewal of CBN’s Monetary Policy Committee
The Senate has received a request from President Muhammadu Buhari seeking the confirmation and renewal of members of the Monetary Policy Committee in the Central Bank of Nigeria.
The confirmation request was contained in a letter dated…
Why CBN reduced MPR from 12.50% to 11.50%–Emefiele
EMEKA OKOROANYANWU
The Monetary Policy Committee (MPC) chaired by the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele in a surprise move last week, reduced the monetary policy rate (MPR) by 100 basis points from 12.50 per cent to…
JUST IN: CBN slashes cost of loans as MPC cuts MPR to 11.5%
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has announced that the monetary policy rate (MPR), which determines interest rates, would be reduced by 100 basis points from 12.5 percent to 11.5 per cent.
Governor of…
CBN gov, Emefiele speaks on drop in Nigeria’s foreign reserves
Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN) says there is no cause for alarm in the imaginary drop in Nigeria’s Foreign Reserves.
Emefiele said this while fielding questions from newsmen after the Monetary Policy…
South Africa leaves repo rate unchanged
South Africa’s central bank on Thursday kept its benchmark repo rate unchanged at 6.75 per cent.
The apex bank Governor Lesetja Kganyago told reporters in Pretoria the decision was because the medium term inflation forecast had…
Nigeria MPC leaves key policy rates unchanged
Babajide Okeowo
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) rose from its just-concluded meeting to leave key policy rates unchanged from the last meeting.
The benchmark interest rate (MPR) was retained at…
India Central Bank cuts rates by 25 bps, sees need to spur growth
India’s Central Bank cut its policy interest rate by 25 basis points on Thursday in a widely expected move to boost the economy just a week before voting begins in an election that will decide whether Prime Minister Narendra Modi gets a…