MPC

Nigeria's private sector received N80.86 trillion in credit from the banking industry in February 2024, a 93.66 per cent Year-on-Year growth from N41.75 trillion reported in February 2023, the latest data from the Central Bank of Nigeria…

Revelations from the recent Monetary Policy Committee meeting of the Central Bank of Nigeria (CBN) were alarming. CBN Governor, Olayemi Cardoso, announced that $26 billion in untraceable funds had flowed through Binance Nigeria Ltd in the…

Amid severe macroeconomy challenges and mopping up of liquidity by the Central Bank of Nigeria (CBN), Nigerian banks have borrowed a sum of N8.71 trillion from the apex bank between January and February 2024. The N8.71 trillion borrowed by…

The membership of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has not been updated yet on its official website, almost five months after the arrest and removal of Godwin Emefiele, the former Governor of the apex…

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Tuesday, raised interest rate by 100 basis points to 16.5 percent. The CBN Governor, Godwin Emefiele cited persistent inflation and threats of global…

Commercial banks increased lending rates by as much as 3 per cent to about 38 per cent last week after the Central Bank of Nigeria (CBN) debited them by a whopping N6.9trillion on Thursday, the result of the decision of the Monetary Policy…

Analysts have sharply disagreed over further devaluation of the Naira despite recent central bank upward review of rates across board after Monetary Policy Committee (MPC) meeting on Tuesday September 27. While some say that the CBN will…

The Senate, on Wednesday, confirmed the nominations of seven members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN). The confirmation of the nominees followed the consideration of a report by the Committee on…

For the fifth consecutive time, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) ended its meeting retaining the Monetary Policy Ratio (MPR) at 11.5 percent. The Committee at its Tuesday meeting held all the…

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) rose Tuesday in opposition of another round of lockdown of the economy which will be disastrous for the nation despite the spike in the cases of the second wave of…