By Matthew Denis In a significant move to address rising inflation, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the monetary policy rate (MPR) from 26.75 percent to 27.25 percent. The decision was announced…
…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 In a forward-looking assessment of Nigeria’s economic policy, The Economist Intelligence Unit (EIU) has forecasted a potential easing of the country’s Monetary Policy Rate (MPR) to 12.5 percent by the year 2026, provided that inflation rates decline.…
…Call for synergy between monetary, fiscal policies By Seun Ibiyemi Experts have faulted the recent hike in the Monetary Policy rate (MPR) by the Central Bank of Nigeria noting that it will have adverse effects on the real sector of…
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 Association of Capital Market Academics of Nigeria (ACMAN) suggests that the Central Bank of Nigeria (CBN) should raise the Monetary Policy Rate (MPR) above the current 18.5 per cent to support the Naira float and attract foreign capital inflows.…
By Ogaga Ariemu Economists and financial experts have raised concerns that investors in Nigeria hardly profit due to harsh economic realities occasioned by an increase in the Monetary Policy Rate and untamed inflation rate. In an interview with Nigeria NewsDirect…
…CBN should strategise alternatives to reduce inflation — DG NACCIMA …Interest rate hike will hurt productive sector, Nigeria’s economy — Gbolade …Hike in MPR from 16.6% to 17.5% will hurt investors in the real economy — CPPE By Seun Ibiyemi,…
…Says Nigeria still in JP Morgan’s bond index By Seun Ibiyemi The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 13 per cent for the first time in over two years. The Governor of CBN, Mr…
…CRR was retained at 27.5% The Monetary Policy Committee of the Central Bank of Nigeria has voted to hold all monetary parameters constant, keeping the benchmark interest at 11.5% despite growing inflationary pressure in the country. This was disclosed by…
