Breaking: MPC raises MPR to 25.25%
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…
MPC
Experts laud FG’s monetary policies for naira appreciation
Financial experts have lauded the Federal Government for its effective monetary policies, which have contributed to the steady appreciation of the Naira against the dollar. The commendation comes in the wake of the Naira’s gradual appreciation following the recent Monetary…
NGX: Trading closes negatively as investors anticipate outcome of MPC meeting
Trading on the Nigerian Exchange closed negatively on Monday as investors await the outcome of the Monetary Policy Committee (MPC) meeting. The Central Bank of Nigeria (CBN) at its last MPC meeting had raised the monetary policy rate (MPR) which…
Stakeholders differ on rates tightening as MPC meets
Some financial experts on Monday expressed different views on the outcome of the Monetary Policy Committee of the Central Bank of Nigeria (CBN), citing various economic factors. The former President, Chartered Institute of Bankers of Nigeria (CIBN), Mr Okechukwu Unegbu…
MPC: ABCON President anticipates rate hike to tame inflation
The Association of Bureau De Change Operators of Nigeria (ABCON) anticipates a further increase in benchmark rates by the Central Bank of Nigeria’s Monetary Policy Committee (MPC) to address the persistent inflation rate. Its President, Alhaji Aminu Gwadabe, made the…
MPR, CRR hike: How MPC members voted to tighten monetary policy, ensure price stability
…As increased inflation rate may trigger another hike in rates ahead of next meeting More details have emerged from the last Monetary Policy Committee (MPC) meeting held in February that raised the Monetary Policy Rate (MPR) and Credit Reserve Ratio…
CBN to hold first MPC meeting under Yemi Cardoso
By Sodiq Adelakun The Central Bank of Nigeria (CBN) is set to hold its first Monetary Policy Committee (MPC) meeting under the leadership of Yemi Cardoso as Governor on Monday and Tuesday. Economic experts are predicting that the benchmark interest…
Experts project hike, tightening of MPR as CBN holds first MPC meeting today
By Seun Ibiyemi, Lagos and Mathew Dennis, Abuja Economic experts have projected a hike and tightening of the benchmark interest rate known as the Monetary Policy Rate (MPR) by the Monetary Policy Committee (MPC) ahead of their inaugural meeting of…
CBN schedules first MPC meeting under Cardoso for February
The Central Bank of Nigeria (CBN) has scheduled the first Monetary Policy Committee (MPC) meeting, under the tenure of Mr Olayemi Cardoso as governor, for Feb. 26 and Feb. 27. According to a statement by CBN’s Acting Director, Corporate Communications…
MPC meeting: Hike interest rate to reduce inflationary — IMF advises CBN
In a joint effort to reduce the inflationary pressure on Nigeria’s economy, the International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to again hike its Monetary Policy Rate (MPR) Director of Communications, Ms. Julie Kozack speaking…