MPC

Economic experts have lauded the Central Bank of Nigeria (CBN) on its plan to put forex restriction on imported dairy products to the country. Some economic experts who spoke with the News Agency of Nigeria (NAN) in Abuja on Sunday said…

Barbara Bako, Abuja. The Monetary Policy Committee (MPC) has once again retained the Monetary Policy Rate at 13.5 per cent due to persistent uncertain economic conditions and high inflation. The Central Bank of Nigeria (CBN)…

By Chukwumah Kelechukwu Driven by Increase in oil Prices and increasing inflows from Diasporans, Nigeria’s foreign reserves rose to $44.43bn in the first quarter (Q1) of 2019. This is the highest in the six months from October 2018 to…

GBOLABO AFUWAPE The Central Bank of Nigeria (CBN) yesterday revealed that Nigeria’s Foreign Reserves increased to $43.28 billion in December from $41.99 million in November of 2018. Foreign Reserves in Nigeria averaged $1,1450.90 million…

GBOLABO AFUWAPE. Ahead of the crucial meeting, analysts and economy experts have expressed their optimism that the Central Bank of Nigeria (CBN) at this month’s Monetary Policy Committee (MPC) would retain the benchmark indices owing to…

By ADEBISI ADEMOLA The Central Bank of Nigeria (CBN) has disclosed that the nation’s external reserves dropped by $184 million in one week to $47.26 billion as at July 25, 2018 from $47.45 billion in July 18, 2017. The reserves had…

BARBARA BAKO, Abuja. The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday called on the Federal Government to build on its savings so as to address the potential threat of declining revenue in the future. The CBN…

The Central Bank of Nigeria (CBN) has put on hold, the meeting of the Monetary Policy Committee (MPC) for January owing to non-confirmation of the committee’s nominees by the Senate. President Muhammadu Buhari, in October 2017, had…

The uncertainty on the  outcome of the last Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) for 2017, has impacted Importer & Exporter Foreign Exchange (I&EFX) daily turnover lowering it to $78.5 million at…