The Lagos Chamber of Commerce and Industry (LCCI) is urging the Central Bank of Nigeria (CBN) to reconsider its monetary policy stance so as to avoid further increases in the interest rate.

PFAs Exposure In FGN Securities Rise By 17% To N29.66trn   The hike in Monetary Policy Rate (MPR) by Central Bank of Nigeria (CBN) in an effort to tackle double-digit inflation is driving Pension Fund Administrators (PFAs) to gilt edge securities as their exposure to federal...

CBN’s Lending To Commercial Banks Drops by N350bn   Data obtained from the Central Bank of Nigeria (CBN) suggest that money deposit banks (DMBs) could be struggling to park excess cash holdings despite low access to funds by the real sector. According to the financial data, DMBs’...

Stock Market Declines By N1.48trn In Q3, 2022   The Nigerian stock market lost N1.48tn in the third quarter (Q3) of 2022 as investors’ shifted investment to fixed market instruments. In the period under review, the stock market witnessed an increase in interest rate to 15.5 per...

CSJ Condemns Rise in MPR, Urges Gov’t to Curb Insecurity The Centre for Social Justice (CSJ), a Nigerian knowledge institution, has condemned the increase in Monetary Policy Rate (MPR) to 14 per cent, urging the government to curb insecurity first because it erodes foreign investors’...

Investors Dump Equities Amid Anxieties Over CBN’s Rate Call         Nigerian equities closed at the weekend with a net loss of N604 billion as anxieties over the likely decisions of the Central Bank of Nigeria (CBN) on benchmark interest rate and other monetary policy tools fuelled...