CBN Cuts Interest Rate Before Year-End   The Monetary Policy Committee of the Central Bank of Nigeria is expected to cut the Monetary Policy Rate, also known as the benchmark interest rate, before the end of the year. FocusEconomics, in its latest report, FocusEconomics Consensus Forecast Sub-Saharan...

As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) commenced its last meeting for 2017, the Bank on Monday, November 20, 2017, intervened in the inter-bank Foreign Exchange Market to the tune of $210,000,000. Figures obtained from the Bank reveal that...

Regulator to retain high benchmark rate over high prices foreign exchange crisis, rising consumer prices and artificial lending rates set by commercial banks will remain the priority of monetary policy makers as they resume meetings today. The Central Bank of Nigeria (CBN) says it...

Foreign and domestic participation in equities trading at the Nigerian Stock Exchange (NSE) suffered significant decline of 40.59 per cent in the first nine months of the year. The latest report of domestic & foreign portfolio participation in equity trading, September 2016 on the NSE...

The 252nd Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) has agreed  to retain all three monetary policy indicators at the current rates  as part of efforts to encourage capital inflows. Speaking to newsmen after  48 hours meeting in Abuja, Central...

As the Central Bank of Nigeria’s Monetary Policy Committee concludes its meeting in Abuja, the Minister of Finance, Mrs. Kemi Adeosun has urged the apex bank to cut interest rates to boost domestic borrowing by the government. However, the MPC which started meeting yesterday is...