Tag: Monetary Policy Committee (MPC)

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

The MPC is a committee of experts of the CBN responsible for formulating monetary and credit policies.

The CBN governor said the MPC felt the decision would stimulate the economy in the short term, and boost aggregate ...

Many financial experts had expected the monetary policy rates to be reviewed in an attempt to reinvigorate the Nigerian economy.

The Monetary Policy Committee of the CBN is scheduled to hold its second meeting for the year on Monday and ...

The Committee raised alarm over rising public debts, which it noted, were growing faster than both domestic and external revenues.

The regulatory body said this move would help banks channel more money to the employment-stimulating sectors of the economy.

The new dates for the meeting is Thursday and Friday, January 23 and 24.

The MPC also wants the government to reconsider its $57 per barrel oil price benchmark in 2020 budget "to build ...

An economist speaks on why the CBN should not change the monetary policy at this time.

The CBN says banks that fail to attain a stipulated minimum LDR by December 31 this year will be sanctioned.

Mr Emefiele says Nigerians are not likely to see the rates come down until inflation drops to single digits.

The CBN also wants the government to save for the rainy day.

The Cash Reserve Ratio (CRR) was retained at 22.5 per cent and Liquidity Ratio (LR) at 30 per cent.

Foreign reserves down from $42.6 billion in September to $41.53 billion on November 16.

An official explains the reason for the shift.

MPC said external reserves dropped from $45 billion at the end of July 2018 to about $44 billion on September ...

Corporate/Triple-A rated companies to issue long-term Corporate Bonds at single digits.

The Nigerian currency gained 50 kobo to close at N358, stronger than N358.5 traded on Tuesday.

Folasade Folarin with the News Agency of Nigeria

The MPC advises the federal government as it forecasts a positive economic outlook.

Forte Oil led the gainers’ table during the day.

IMF says although the country’s economy exited recession, its fundamentals remained vulnerable.

The Senate has resolved that the Monetary Policy Committee provides a replacement for the rejected nominee.

The meeting is coming after Senate confirmation of the committee's new members.