Tag Archives: Cash Reserve Ratio (CRR)

The Central Bank of Nigeria has yet again retained its benchmark rate at 11.5 per cent, and other key monetary policy parameters. The CBN governor, Godwin Emefiele, announced this on Tuesday after the Monetary Policy Committee meeting. Addressing journalists after the first meeting of the year 2022, Mr Emefiele announced that the …

The Central Bank of Nigeria has voted unanimously to leave its monetary policy rate (MPR) unchanged at 11.5% and other key monetary policy parameters, as approved by its Monetary Policy Committee (MPC) during its September of 2021 meeting. The decision came against the backdrop of decelerating inflation and is aimed …

On Monday, July 26, 2021, the 280th Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) will commence. The gathering is for two days and will involve members of the team who are experienced bankers, economists and others. They will discuss the economy and the security situation …

The Governor Central Bank of Nigeria (CBN), Mr. Godwin Emefiele on Tuesday disclosed that banking sector credit to the economy increased by 1.75 per cent to N43.67 trillion in February 2021 from N42.92 trillion in January 2021. This, according to the apex bank revealed that the Banking sector credit to …

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has retained the monetary policy rate at 12.5 per cent. Governor of the Central Bank, Mr Godwin Emefiele announced this at the end of the MPC’s meeting on Monday. Emefiele explained that other parameters were held constant, leaving the …

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) from 13.50% to 12.50%.   Governor, CBN, Godwin Emefiele, disclosed this while reading the communique at the end of the MPC meeting on Thursday in Abuja.  Meanwhile, other parameters such as …

The latest survey carried out by the Lagos Chamber of Commerce and Industry (LCCI) has shown that 83 per cent of business owners plan to cut down on salaries and reduce the number of people in their employment. Although the lockdown may have been relaxed, the impact on businesses may …

The Governor of Central Bank of Nigeria, Godwin Emefiele has frowned at  Nigeria commercial banks attitude on their inability to give out loans to private sector. He decries this attitude while reacting to some questions  at the Africa Investor Conference in London. According to him, CBN doesn’t feel like banks are being restricted …