…MPR, 14%, CRR, 22.5%
The 115th communique of the Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) has agreed to retain all three monetary policy indicators at the current rates as part of efforts to grow the overall outlook of the...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained rates across board, warning that the economy might relapse into worst recession as key macroeconomic indicators pointed to a fragile economic recovery in the second quarter of the year.
The MPC...
The Central Bank of Nigeria (CBN) has sustained its intervention in the inter-bank segment of the foreign exchange (forex) market by injecting a total of $482.6 million into the market.
This, the bank said underlined its determination to protect the value of the naira.
A breakdown...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has voted to retain the Monetary Policy Rate(MPR) at 14 percent at its meeting held between 22-23 May, 2017 at the CBN headquarters , Abuja.
The Governor of the apex bank, Mr. Godwin Emefiele...
With the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) meeting this week, the Naira continued its strong run against the United States dollar at the weekend, underscoring the resolve of the apex Bank to achieve convergence of rates between the...
Hopes of unanimity of positions and harmony of fiscal and monetary policies appear dim following an alleged demand for a review of the powers of the Central Bank of Nigeria, CBN, by the Ministry of Finance. Minister of Finance, Mrs. Kemi Adeosun and Governor...
