Tag: MPC
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BREAKING: No good news to shift deadline on old Naira notes – CBN Gov
Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele has said there is no good news to shift the deadline to retrieve old denominations of 200, 500 and 1,000 Naira notes from circulation.
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CBN raises MPR to 13%, retains other parameters
For the first time in over two years, the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 13 per cent.
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CBN MPC retains lending rates at 11.5%
The Central Bank of Nigeria (CBN’s) Monetary Policy Committee (MPC) has maintained its key lending rate at 11.5 per cent, also leaving other parameters unchanged.
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CBN holds MPR at 11.5%, maintains other parameters
The Central Bank of Nigeria (CBN’s) Monetary Policy Committee has maintained its key lending rate at 11.5 per cent, with the asymetric corridor of +100 and -700 basis points around the MPR.
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CBN retains MPR at 11.5 per cent
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to retain the monetary policy rate at 11.5 percent. The announcement was made on Tuesday by the CBN governor He noted that the MPR is the baseline interest rate in an economy and every other interest rate used within an economy…
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JUST IN: MPC slashes interest rate to 12.5%
The Monetary Policy Committee (MPC) of Central Bank of Nigeria has reduced Monetary Policy Rate (MPR), to 12.5 per cent. The MPR is the instrument used by the Central Bank of Nigeria through the MPC to control interest/ lending rates This is the seconding MPC meeting in row that will be held under COVID-19 protocols.…
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Post-Election: Emefiele sets policy agenda on MPC, GDP, exchange rate, unemployment
Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele has set post-election agenda for the nation’s monetary policy According to Emefiele, the bank’s current monetary policy stance is expected to continue while inflation is estimated to rise to 12 per cent and moderate thereafter. The CBN governor made the projections at “BusinessDay Post-Election Economic Agenda…
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Is CBN’s MPC stronger than Buhari?, By Henry Boyo
By Henry Boyo The APC Presidential Candidate, Muhammed Buhari, clearly raised public expectation when he promised, at a campaign rally on Monday, March 23, 2015, at Dan Anyiam Stadium, Owerri, that he would “ensure that Naira was equal to dollar value,” if he became President. The News Agency of Nigeria and several Newspapers also published…
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MPC members meets today, might protect capital inflow, keep existing rates
Indications emerged that the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), which will be meeting today and tomorrow might not change existing policy rates. The committee will take measures to ensure that more foreign capital flows into the economy to check capital flow reversals as 2019 elections approach. A report from…
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MPC and the blind leading the blind, By Henry Boyo
By Henry Boyo The Central Bank’s Monetary Policy Committee, on Wednesday 4th April, 2018, decided to retain its Monetary Policy Rate (MPR) at 14 percent, while mandatory Cash Reserve Ratio for Banks, would remain at 22.5 percent. Disturbingly, however, there is no real hope that, such rates which have subsisted for almost three years and…