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CBN Raises Interest Rates To 14%
The Central Bank of Nigeria, CBN raised the interest rate to 14 per cent from 13.5 per cent.
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Tag Archives: MPC
CBN Raises Interest Rate To 13%
The Central Bank of Nigeria on Tuesday raised the interest rate to 13 per cent for the first time in two years.
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CBN Retains Lending Rate At 11.5%
The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 11.5 per cent.
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MPC Retains Interest Rate At 13.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has announced the retention of the benchmark interest rate at the present level, 13.5 percent.
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CBN MPC Holds Rates For 15th Consecutive Time
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has again retained the monetary policy rate, which determines interest rate, at 14%, the country’s highest in 10 years. This is the 15th time that the committee has left the rate unchanged. Godwin Emefiele, governor of the Central Bank of Nigeria, announced the committee’s decision at the bank’s headquarters …
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Senate Considers CBN Nominees To Enable MPC Form Quorum
The senate has resolved to screen President Muhammadu Buhari’s nominees for the Central Bank of Nigeria (CBN). The resolution of the senate followed a motion sponsored by Rafiu Ibrahim, senator representing Kwara south. If confirmed, the all-important monetary policy committee (MPC) will hold its first meeting in 2018 next week. The committee was not able to meet in January because it …
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MPC May Cut Interest Rates Before July
The Central Bank of Nigeria’s Monetary Policy Committee may start cutting interest rates in the first half of the year as inflation eases, the CBN Governor, Godwin Emefiele, has said. Once inflation gets to low double digits “and high single digit happens, then it should be easy for the MPC to begin to look at easing,” Emefiele said on Wednesday …
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Four Nigerian Banks in distress— MPC
Two members of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC): Dr. Doyin Salami and Prof. Balami Dahiru Hassan have raised alarm that four un-named Nigerian banks are currently trading with too many non-performing loans on their books and with liquidity ratios below the minimum requirement. Their statements were part of those of eight members of the MPC …
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After MPC meeting, NSE hits N12trn — first time since 2015
The Nigerian Stock Exchange (NSE) for the very first time since the Goodluck Jonathan administration, crossed the N12 trillion market capitalisation mark. This occured on Tuesday after the Central Bank of Nigeria monetary policy committee voted to hold key interest rates at 14 percent for 12 months consecutively. The MPC also decided to hold cash reserve ratio (CRR) and liquidity …
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Again, CBN MPC holds interest rates at record high to maintain naira gain
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) decided to hold key interest rate at record 14 percent, while seeking convergence in foreign exchange market. Godwin Emefiele, governor of the apex bank disclosed this at the end of the meeting in Abuja on Tuesday, said all members of the committee voted to hold interest rate at …
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