MPR

The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR), it’s benchmark interest rate to 24.75% representing 200 basis points increase from 22.75% in February. The CBN however retained the Cash Reserve Ratio (CRR) of…

The equities market on Wednesday reacted to the hike in interest rate by the Central Bank of Nigeria (CBN), depreciating by N1.49 trllion in two days, second day after the Monetary Policy Committee (MPC) announced the new Monetary Policy…

The sign of a troubled economy manifested in the just concluded third quarter when the Nigeria's stock market closed negative, buoyed by adverse performance across all the sector, leading to a N1.48 trillion loss to investors. The…

As the country battles with the high inflation rate and fuel scarcity, the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 11.5 per cent. Also, the bank said that the gains of economic growth that the country…

Umoru Abdulkadir The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) ended its two-day meeting Tuesday, deciding to retain the Interest rate at 13.5 per cent to sustain the economic growth. Governor Mr Godwin…

Barbara Bako. The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate  unchanged at 14 per cent. The CBN Governor, Mr Godwin Emefiele, announced the decision of the committee…