Ahead of the outcome of the ongoing Monetary Policy Committee (MPC) meeting, Nigeria’s equities market opened the new week in green, rising by 0.14 percent on Monday. Stocks like Flour Mills (+9.81 percent), Fidelity Bank (+9.93 percent), and FCMB Group…
…Seek increased security of farming communities …Raise interest rate to 26.25% By Seun Ibiyemi and Mathew Denis The Monetary Policy Committee, MPC, members of the Central Bank of Nigeria, CBN, have attributed rising inflationary pressure to food inflation. This was as they…
The Monetary Policy Committee (MPC) has raised the Monetary Policy Rate (MPR) to 25.25% At the end of the 295th MPC meeting held on May 20th & 21st, the committee voted to raise the MPR by 150bps to 26.25%. The…
The Senate on Thursday confirmed the Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, as the Chairman of the Monetary Policy Committee (MPC) of the apex bank. The upper legislative chamber also confirmed the appointment of four…
The intricacies surrounding the holding of the Monetary Policy Committee (MPC) by the central Bank of Nigeria (CBN) should be clearly spelt out before the Economic stakeholders considering the fact the meeting has been suspended for four consecutive times now.…
The Central Bank of Nigeria, CBN, has announced that the Monetary Policy Committee meeting will hold next Monday and Tuesday for the first time without the banks’ suspended governor, Godwin Emefiele. CBN disclosed this on Monday in a notice posted…
Omolola Dede Adeyanju The Monetary Policy Committee of the Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) to 18.5 per cent in May 2023 from 18 per cent that was fixed at the 290th meeting of the…
An economist, Prof. Mike Obadan, says the “Naira-4-Dollar’’ scheme introduced by the CBN on March 5, 2021 to attract Foreign Exchange is achieving desired results. Obadan, a non-Executive Director/Member, Monetary Policy Committee, CBN, said this in Akure while answering questions…
The Senate at the Wednesday plenary confirmed the nomination 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 of the Committee on Banking,…
