Interest Rate Hike Looms As MPC Meets The two-day Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) meeting, which commences today will be closely watched after the country’s emerging market peers – Turkey and Russia- recently raised interest rate. This development is coming as the...

Expert Predicts Exchange Rate At N395/$1 In 2019 Expert at Renaissance Capital has opined that the naira will have to weaken in 2019 to keep it from becoming (too) overvalued predicting that the foreign exchange rate would be N395/$1 in 2019 as against the N360/$1...

CBN May Increase Interest Rate Soon The Central Bank of Nigeria has hinted about plans to increase the interest rate as it hopes to tighten the monetary policy in response to higher inflation ahead of the general elections in February. A Bloomberg report on Tuesday quoted...

Inflation Rate Faces Risks, Say Emefiele, Others The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said the nation may see a reversal of the decline in inflation rate if the risks threatening favourable macroeconomic conditions are not addressed. In a communiqué of...

Inflation And Election: MPC May Hold Interest Rate Despite the drop in inflation to 12.48 per cent in March to below the Central Bank of Nigeria’s benchmark Monetary Policy Rate (MPR) of 14 per cent, members of the Monetary Policy Committee (MPC), slated to commence...

ECOWAS Predicts 2.1% Growth Rate In 2018 For Nigeria   The Economic Community of West African States (ECOWAS) on Tuesday predicted a growth rate of 2.1% for Nigeria in 2018, as against 1.6% in the previous year. The regional body also said that it would put everything...