Tag: Monetary Policy Committee (MPC)

"Thus, maintaining the current stance of policy, amidst lingering global uncertainties, would allow the effect of previous policy rate hikes ...

Nigeria’s headline inflation eased for the fifth straight month in August, dropping to 20.12 per cent

The unanimous decision was influenced by recent macroeconomic developments, which it noted with satisfaction.

According to the 2021 report, released December 2024, the CBN also violated its internal policies governing dollar time deposits.

"We don't want to get to that point of hyperinflation," he said.

"In fact, most times, they(dormant accounts)are more susceptible to fraudsters copying your identity and trying to gain hold of the ...

The CBN, at its last meeting, raised the MPR significantly by 400 basis points to 22.75 per cent from 18.75 ...

“The outcome of the Monetary Policy Committee (MPC)s meeting of 27 February 2024 would hurt the real sector of the ...

The nominees were screened by members of the Senate Committee on Banking, Insurance and other Financial Institutions during the committee's ...

Raise the monetary policy rate at the next Monetary Policy Committee (MPC) meeting to make it positive in real terms ...

To enhance communication effectiveness, the Central Bank is actively seeking feedback from stakeholders, acknowledging the importance of making this process ...

The new MPC will complement the fiscal side and ensure that they are moving the economy in the right direction, ...

Analysts said that investors looked forward to the MPC meeting for signals on how the lender intends to address the ...

Nigeria's annual inflation rate rose to 22.22 per cent in April from 22.04 per cent in the previous month.

The CBN cannot afford to continue to snub our democratic institutions the way it has done so far.

In November, Mr Emefiele said previous increases in rates were beginning to yield results and there was a need to ...

The naira fell to N461/$1 at the end of the year from N435/$1 in January.

Last month, the CBN monetary policy committee unanimously voted to increase the benchmark interest rate from 13 percent to 14 ...

The new development makes it the second consecutive time the central bank would raise the benchmark rate in 2022.

The 150 basis point hike is significant as Nigeria battles rising inflation.

The move is expected to allow further economic growth, despite four-year high inflation, after the country exited recession last year.

The monetary policy committee retains the lending rate, also known as the monetary policy rate, at 11.5 per cent.

CBN governor says interventions by the apex bank significantly mitigated the impact of the COVID-19 pandemic on businesses and reduced ...

At the end of its September meeting, the MPC said the majority of its members voted to reduce the monetary ...

The committee said Nigeria could escape a recession if concerted efforts were sustained to stimulate output.