BREAKING: CBN Increases Interest Rate to 18 Percent, Says Nigerian Banks Healthy
The Monetary policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased Monetary Policy Rate (MPR) which measures interest rate to 18 percent from the previous 17.5 percent adopted in January.
This...
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...
