Tag: MPC
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BREAKING: MPC retains Nigeria’s lending rate at 14 per cent
The Monetary Policy Committee of the Central Bank of Nigeria on Wednesday left the Monetary Policy Rate unchanged at 14 per cent. The CBN Governor, Mr Godwin Emefiele, announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters in Abuja. He explained that nine members of…
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Senate screens CBN, MPC nominees
The Senate Monday screened President Muhammadu Buhari’s two nominees for the position of Deputy Governor of the Central Bank of Nigeria (CBN). The nominees are Mrs. Aisha Ahmad and Mr. Edward Adamu. Similarly, four other nominees were also screened as members of the Monetary Policy Committee (MPC). They are Prof Festus Adeola Adenikinju, Dr. Aliyu…
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Senate begins confirmation of CBN’s MPC nominees
The Senate on Wednesday mandated its Committee on Banking and Finance to begin the process of confirming four presidential nominees as members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN). This followed the adoption of the communication from President Muhammadu Buhari, requesting the Senate to confirm the nomination of the four…
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Why we can’t hold MPC meeting today – Emefiele
…insists that economy remains buoyant Governor of Central Bank of Nigeria (CBN), Godwin Emefiele on Sunday explained why the quarterly Monetary Policy Committee (MPC) meeting scheduled to hold today (Monday) and Tomorrow (Tuesday) won’t hold. According to Emefiele, the meeting can’t hold due to the non-confirmation of the MPC nominees by the Senate. With the…
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Naira exchanges for N364/1$ as MPC retains lending rate
The Naira on Tuesday exchanged at N364 to the dollar at the parallel market as the Monetary Policy Committee (MPC) meeting of the CBN holds benchmark interest rate at 14 per cent. TheNewsGuru.com reports that the MPC left the benchmark interest rate unchanged at 14 per cent, alongside other monetary policy parameters. The CBN Governor,…
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Again, MPC retains lending rate at 14%, affirms economy will improve after recession exit
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the benchmark lending rate and other monetary policy rates against a backdrop of macroeconomic stability. The CBN Governor, Mr Godwin Emefiele, said this on Tuesday in Abuja while addressing newsmen on the outcome of the MPC meeting. Emefiele said that…
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Forex: CBN boosts market with $195m ahead of MPC decisions
…as Naira exchanges for N363/1$ at the parallel market The Central Bank of Nigeria (CBN) on Monday boosted the Foreign Exchange (Forex) market by offering a 195 million dollars in three segments of the Forex market. The acting Director of Corporate Communications, Mr Isaac Okorafor, in a statement, said it auctioned 100 million dollars at…
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MPC meets Mon, Tues, to hold rates, consolidate on forex gains
The Monetary Policy Committee (MPC) is expected to hold all rates constant, tackle inflation while consolidating on recent gains in the foreign exchange market as they meet tomorrow and next to review recent happenings in the global and domestic space. The Central Bank of Nigeria (CBN) – led MPC members are likely to face a…
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JUST IN: Again, MPC retains lending rate at 14 per cent
The Monetary Policy Committee, MPC, has for the sixth consecutive time retained the Monetary Policy Rate at 14 per cent due to current uncertain economic conditions and high inflation. TheNewsGuru.com reports that the MPC has not made any major monetary policy change since July 2016. The Central Bank Governor, Godwin Emefiele, announced this while briefing…