Tag: Monetary Policy
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CBN retains all monetary policy parameters in first MPC meeting for 2025
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Thursday voted unanimously to retain the Monetary Policy Rate (MPR), which is the baseline lending rate, at 27.50 per cent. The MPC took the decision at the end of its 299th meeting and the first for 2025.
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CBN continues monetary policy tightening, raises interest rate
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has further raised interest rate by 25 basis points to 27.50 per cent from 27.25 per cent. The Governor of the CBN and Chairman of the MPC, Yemi Cardoso, announced the raise on Tuesday
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CBN monetary policies: TETfund considering suspension of foreign scholarships
The Tertiary Education Trust Fund (TETFund) has said that the recent Central Bank of Nigeria (CBN) policy had created difficulties in the payment of foreign scholarship tuition fees and stipends.
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New Era:Tinubu’s Economic Goals Towards Achieving Prosperity
Nigeria’s newly inaugurated President Bola Tinubu, has outlined his plans to revitalize the country’s economy, with a focus on achieving higher Gross Domestic Product (GDP) growth and reducing unemployment rates. In a bold move aimed at addressing the pressing economic challenges facing the nation, Tinubu’s inaugural speech on Monday detailed the steps his administration intends…
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Why CBN monetary policy is not working – Economist
Prof. Ken Ife, a Development Economist, says Central Bank of Nigeria’s monetary policy is not working because 80 per cent of the nation’s money is not in circulation. Ife stated this during the 10th Convocation Lecture of Godfrey Okoye University, Enugu, on Friday, with the theme “Nigeria: The State of the Macro-Economy”.
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Australian central bank keeps monetary policy unchanged
Australia’s central bank maintained its interest rate as well as bond purchase programme on Tuesday, as widely expected, as these measures continued to help the economy by keeping financing costs very low. The policy board of the Reserve Bank of Australia headed by Governor Philip Lowe decided to leave its cash rate unchanged at a…
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Atiku’s proposed monetary policy agenda will take Nigeria back to SAP era – Emefiele warns
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele on Tuesday said the Monetary Policy Committee (MPC) reviewed the proposed monetary policy agenda of the candidate of the Peoples Democratic Party (PDP), Atiku Abubakar and such is capable of taking Nigerians years behind if implemented. Emefiele noted that Atiku’s suggestion that the exchange rate…
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Don’t implement IMF’s tight monetary policy, LCCI warns FG
The Lagos Chamber of Commerce and Industry (LCCI) cautioned the Federal Government against implementing the tight monetary policy recommended for Nigeria by International Monetary Fund, IMF saying it is inconsistent with the economic recovery process. The warning was sounded by Mr Muda Yusuf, the Director-General of LCCI, in an interview with newsmen on Monday in…
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Ease monetary policy, stabilize exchange rate to stop inflation, Don advises CBN
An Economist, Prof. Sheriffadeen Tella, on Thursday called on the Central Bank of Nigeria (CBN) to ease its monetary policy and stabilise the exchange rate to stem the nation’s rising inflation. Tella, who works at the Department of Economics, Olabisi Onabanjo University, Ago-Iwoye, Ogun, gave the advice in an interview with the newsmen in Lagos.…