Tag: Monetary Policy Committee

The rate inches closer to the single digits target set by both monetary and fiscal authorities.

Bank finalising a N500 billion fund with NEXIM to boost local manufacturing and non-oil exports.

The meeting which was originally scheduled for January failed to hold following the inability of the Committee to form a ...

The new schedule follows assurances that the National Assembly would screen the newly appointed members of the MPC this week.

Mr. Adamu joined the CBN in 1992.

The MPC meeting was cancelled as members could not form a quorum.

The CBN announced the MPC decision.

''Some of the appointments appear to be based on politics.''

PREMIUM TIMES is more worried by the effects of the CBN’s policies on domestic lending conditions.

Those who should know say the CBN is setting up the Nigerian economy for a big fall.

The Pound Sterling and the Euro traded at N492 and N436.

The banks have too many non-performing loans.

The Pound Sterling and the Euro closed at N475 and N420 respectively at the parallel market.

The CBN management said it is quite pleased with the performance of the naira.

A panellist said Nigeria must look beyond getting out of recession.

Interesting rates are between 25 and 30 per cent.

“Those doubting will lose in their bid to place a wrong bet on the direction the CBN is going,” Mr. ...

Naira has gone down by more than N16.50 within five days.

The bank says there will be continuing review of the naira to ascertain any need for further devaluation.

As oil prices fall, Nigeria risk an economic downturn.

The agency cited some political and economic developments as determining factors for the rating Standard & Poor, S&P, Ratings Services, ...

CBN says raising the CRR on private sector deposit for real sector would not impact negatively on private sector lending. ...

CBN retains lending rate at 12 per cent. The Central Bank of Nigeria (CBN) on Tuesday threatened to clampdown on ...

The Central Bank has increased the CRR to 50 per cent. The 50 per cent cash reserve requirement (CRR) on ...

With a vote of seven members to three, the committee also left the Cash Reserve Requirement, CRR, unchanged at 12 ...