As the Central Bank of Nigeria’s Monetary Policy Committee (MPC) prepare to commence its last meeting for 2016 tomorrow, the CBN Governor, Mr. Godwin Emefiele, has signalled the likelihood of the retention of the monetary policy rate (MPR), the benchmark interest rate. Emefiele, who gave...

The Central Bank of Nigeria borrowed N140.88bn ($448m) via short-dated Treasury bills at an auction on Wednesday, attracting lower yields across the board, except on the three-month debt that was flat, data from the CBN showed. The CBN sold N28.12bn of the three-month paper at...

...Rate cut not enough to tackle recession – CBN The naira tumbled against the United States dollar to 428 on Wednesday, down from 424 on Tuesday, as persistent dollar shortage continues to weigh on the economy. The major decline in the local currency against the greenback...

The Central Bank of Nigeria (CBN) has acknowledged getting reports that banks undermine its policy to sell forex from international remittances to Bureau De Changes (BDCs). Speaking after the 252 Monetary Policy Committee (MPC) meeting in Abuja, the CBN Governor, Mr Godwin Emefiele, said that...

Financial analysts have cautioned the Monetary Policy Committee of the Central Bank of Nigeria to avoid increasing the Monetary Policy Rate, currently fixed at 12 per cent, ahead of the committee’s meeting scheduled for today and tomorrow, 25-26 July, 2016 . The Monetary Policy Rate...

Mixed reactions have continued to trail the decision by the Monetary Policy Committee of the Central Bank of Nigeria (CBN) to increase the benchmark interest rate by 1 per cent at their last meeting. While some economists and financial analysts flayed the increment of the...