Monetary Policy Committee (MPC)

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR) otherwise called the interest rate further by 50 basis points to 18.5 percent. The MPC however retained the…

The Central Bank of Nigeria (CBN) has said that it would debit all banks in the country on Thursday, Sept. 29, for the Cash Reserve Ratio (CRR). This follows a 500 basis point or 5 per cent raise in the minimum regulatory limits to 32.5…

As the heightened macroeconomic uncertainties, broad-based inflation and weakening global recovery associated with the ongoing Russian-Ukraine war and its reverberating consequences remain unabated, analysts are of the view that the Central…

By: BARBARA BAKO, Abuja. The Monetary Policy Committee (MPC) has once again retained the Monetary Policy Rate at 14 per cent due to persistent uncertain economic conditions and high inflation. The Central Bank of Nigeria (CBN)…