The Central Bank of Nigeria has postponed its first Monetary Policy Committee (MPC) meeting for 2025 to March, following delays in the release of the rebased Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS). Sources within…
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…
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…
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…
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…
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…
…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…
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…
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…
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…
