CBN Monetary Policy Committee (MPC)

Economic experts are no longer at ease with the aggressive use of interest rate hikes by the Central Bank of Nigeria (CBN) to cushion the effect of inflation on the masses.  Already, inflation has gone mad, hitting a 17-year high at…

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the interest rates to 15.5 per cent from 14 per cent as it battles to rein in aggressive inflation running riot in the last four months. Inflation in…

In consideration of the worsening inflationary pressure on households, Adeola Adenikinju, a member of the Monetary Policy Committee (MPC), has called for the removal of fuel subsidy, projected to gulp N7.36 trillion between 2022 and 2023.…

Experts have said the 14 per cent interest rate by the Central Bank of Nigeria (CBN) will worsen the country's economy rather than control inflation. CBN on Tuesday raised the Monetary Policy Rate (MPR), known as the interest rate, by…

  Nigerians are in for a very difficult time following a forecast by the Central Bank of Nigeria (CBN) that inflation might quicken to 16.84 per cent by May 2022.   Inflation was 15.92 per cent in March from 15.70 per cent recorded in…

The Naira on Tuesday depreciated marginally against the dollar at the parallel market, exchanging at N361.20 to the dollar. The Nigerian currency lost 20 kobo from N361 earlier traded before the Easter break. The naira also closed…