MPC Approves CBN’s N15trn Infrastructure Firm
The Monetary Policy Committee (MPC) has okayed the Central Bank of Nigeria (CBN)-led N15 trillion five-year Infrastructure Development Company meant to deepen economic development.
The MPC also lauded the Federal Government for the approval to establish Infrastructure Development Company, which...
Foreign Reserves Drop By $544.94m In Six Weeks
The country’s foreign reserves fell by $544.94m from $36.17bn on July 1 to $35.62bn on August 13, the latest figures from the Central Bank of Nigeria have shown.
The CBN had said during the last Monetary Policy Committee...
Banks’ Total Assets Rise To N47.82trn
The total assets of the banking sector rose to N47.82tn as of the end of June.
A member of the Monetary Policy Committee of the Central Bank of Nigeria, Dr Rafindadi Sanusi, disclosed this during the last MPC meeting in...
CBN Retains Interest Rate At 12.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has held the Monetary Policy Rate (MPR) constant at 12.5%.
This was disclosed by Governor, CBN, Godwin Emefiele while reading the communique at the end of the MPC meeting...
MPC To Retain Policy Rates As Analysts See Further Rise In Inflation
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) meeting today is expected to retain its policy rates at current levels following the sharp increase in the inflation rate to...
Financial Experts Seek Lending Rate Reduction, MPC Meets Monday
Financial experts have said there is a need for the Monetary Policy Committee of the Central Bank of Nigeria to further reduce the benchmark lending rate to ease the challenges of COVID-19.
The experts spoke to our...
