CBN Retains Lending Rate At 11.5%     The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 11.5 per cent. The CBN Governor, Godwin Emefiele, disclosed this after the committee’s two-day meeting in Abuja on Tuesday. It also retained the Cash...

Inflation, Economic Recovery Top Agenda As MPC Meets         As the Monetary Policy Committee of the Central Bank of Nigeria (CBN) meets today to commence its two-day meeting, the deliberation is expected to be centered around how to tame inflationary pressure in the country and measures...

MPC: Experts Expect No Rise In Interest Rate         Financial experts have said they expect the lending rate to either be retained or reduced at the end of the meeting of the Monetary Policy Committee of the Central Bank of Nigeria on Tuesday. The members of the...

CBN MPC members Express Worry Over High Demand Pressure In Forex         Some members of the Monetary Policy Committee of the Central Bank of Nigeria have expressed concerns over the high demand pressure in the nation’s foreign exchange market. The MPC members voiced their concerns at the...

CBN Shifts 2020 Monetary Policy Committee Meeting   Central bank of Nigeria (CBN) has rescheduled its first monetary policy committee meeting of 2020 to Jan. 23 and 24, postponing it by three days. It announced this in a tweet on Monday. The meeting was originally scheduled for...

MPC Calls On FG To Reduce $57 Budget Oil Benchmark   The Monetary Policy Committee of the Central Bank of Nigeria has called on the Federal Government to review downwards the 2020 budget oil price benchmark of $57 per barrel to stimulate fiscal buffers. The CBN Governor,...