Tag Archives: MPR

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked the benchmark interest rate by 200 basis points to 24.75 percent. This is according to a Tuesday communique by the CBN governor Yemi Cardoso after the second MPC meeting of his tenure in Abuja. The new …

Banks have begun to increase interest rates on deposits in line with the sustained hike in the Monetary Policy Rate, MPR, by the Central Bank of Nigeria, CBN. At its last Monetary Policy Committee, MPC, meeting previous week, CBN raised MPR by another 25 basis points the sixth consecutive raise …

Unless the Monetary Policy Committee (MPC) makes a U-turn on its aggressive monetary tightening, the Federal Government may pay as much as N4.65 trillion servicing its debt held by the Central Bank of Nigeria (CBN) this year. As at the end of last year when President Muhammadu Buhari sought the …

The Monetary Policy Committee of the Central Bank of Nigeria, CBN, has unanimously voted to increase the benchmark interest rate by 100 basis points to 17.5 per cent. The CBN Governor, Godwin Emefiele, disclosed this while reading the communiqué of the end of the two-day MPC meeting, the first of …

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 naira fell slightly to the dollar at the parallel market few hours after the Central Bank of Nigeria on Tuesday announced the discontinuity of forex supplies to the Bureau de Change Operators (BDCs) in the country. The CBN Governor, Godwin Emefiele, announced the end of forex sales and new …

In an effort to allow its interventions on COVID-19 to permeate the economy, The monetary policy committee of the Central Bank of Nigeria (CBN) has voted unanimously to retain the monetary policy rate (MPR) at 13.5%. This was announced by Godwin Emefiele, CBN governor, on Tuesday after the two-day meeting …