Tag: MPC
-
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.
-
BREAKING: CBN increases interest rate to 26.25 % amid soaring inflation
The Central Bank of Nigeria (CBN) has raised the interest rate by 150 basis points from 24.75 per cent to 26. 25 per cent.
-
MPC: Continuous increasing of MPR will not grow Nigeria’s economy – Ex-CBN director
Former Director of Research, Central Bank of Nigeria (CBN), Dr Titus Okunrounmu, says the continuous increasing of Monetary Policy Rate (MPR) by the bank’s Monetary Policy Committee (MPC) will not help the economy to grow. Okunrounmu said this to NAN on Wednesday in Ota.
-
Tinubu seeks Senate confirmation of Chairman, members of CBN MPC
President Bola Tinubu has sought the confirmation of Senate for the appointment of a Chairman and Members for the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC). Tinubu’s request was conveyed in a letter addressed to President of Senate, Godswill Akpiabio and read at plenary on Wednesday.
-
CBN postpones September MPC meeting indefinitely
The Central Bank of Nigeria (CBN), on Thursday, announced the indefinite postponement of the September version of its bi-monthly Monetary Policy Committee (MPC) meeting. CBN Director of Corporate Communications, Isa AbdulMumin, announced the postponement in a statement in Abuja.
-
CBN raises baseline lending rate to 18.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 18.5 per cent from 18 per cent. The CBN Governor, Mr Godwin Emefiele, made this known on Wednesday
-
CBN disbursed N12.65bn as agriculture intervention since January – Emefiele
The Central Bank of Nigeria (CBN), has disbursed N12.65 billion to the Anchor Borrowers Programme (ABP), its flagship agriculture intervention scheme from January till date. The CBN Governor, Mr Godwin Emefiele said this on Tuesday in Abuja, when he read the communique issued at the end of the 290th meeting of the apex bank’s Monetary Policy…
-
CBN jerks up interest rate to 18%
The Central Bank of Nigeria Monetary Policy Committee (MPC) has agreed to jerk up the benchmark interest rate by 50 basis points to 18. per cent. This was made known by the CBN Governor, Godwin Emefiele through a communique of the second MPC meeting of the year on Tuesday.
-
BREAKING: Against projections, CBN raises interest rate to 17.5%
Against projections by some experts, the Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) has increased the monetary policy rate by 100 basis points to 17.5 per cent.
-
BREAKING: CBN Gov denies withholding N89 trillion from stamp duty
Governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele has denied the apex bank is withholding N89 trillion from the payment of stamp duty.