CBN: Rate In View As MPC Meets Today   The Monetary Policy Committee (MPC) is due to begin its two-day meeting on the economy on Monday (today) amid the economic crisis fuelled by the naira redesign policy and fuel scarcity. Analysts in the country have said the...

Banks’ Credit To Govt Rises By N11trn   Banks credit to the government rose by N11.75tn in one year, figures obtained from the Central Bank of Nigeria (CBN) have revealed. The CBN disclosed in its ‘Money and credit statistics’ report that the credit rose from N14.9tn as...

CBN Reveals External Reserves Drop By $317m In February   According to figures that were obtained from the Central Bank of Nigeria, CBN, it has been revealed that the nation’s external reserves dropped by $317 million in February. Its latest data on the movement of external reserves...

Hike In Interest Rate Likely As MPC Meets Today   Ahead of the two-day Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) commencing on Monday (today), financial experts have expressed diverse views on possible outcomes of the rates. The CBN disclosed it would...

Export Intervention Loans Now N44bn   The Central Bank of Nigeria’s intervention funds under its Export Facilitation Initiative rose to N44.58bn in October 2022. The bank disclosed this in statements released on its last Monetary Policy Committee meeting in 2022. “Under the Export Facilitation Initiative, the Bank provided...

CBN Raises Interest Rate To 16.5%   The Monetary Policy Committee of the Central Bank of Nigeria voted Tuesday to increase the benchmark interest rate by 100 basis points to 16.5 per cent, the highest since 2001. The CBN Governor, Godwin Emefiele, disclosed this while reading the...