MPC

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has retained the country’s monetary policy rate at 27 percent. The CBN Governor, Olayemi Cardoso, announced this at a press conference during the Committee’s 303rd meeting…
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The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says about 14 banks have met the regulatory capital requirements. Cardoso spoke on the funding progress during a news conference on Tuesday in Abuja, while announcing the…
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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Thursday voted unanimously to retain the Monetary Policy Rate (MPR), which is the baseline lending rate, at 27.50 per cent. The MPC took the decision at the end…
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The Central Bank of Nigeria (CBN) has further raised its Monetary Policy Rate (MPR) by 50 basis points to 27.25 per cent from 26.75 per cent. This was revealed by the CBN Governor, Olayemi Cardoso after the apex bank’s 297th Monetary…
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By Muhammad Muhammad A member of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), Prof. Murtala Sabo Sagagi has expressed concerns over a proposed increase in the Federal Government’s Ways and Means limit from…
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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) raised Monetary Policy Rate (MPR) – inter-bank loan interest rate – by 200 basis points, to 24.75 per cent from 22.75 per cent on Tuesday. MPR is a short-term,…
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A member of the Central Bank of Nigeria's Monetary Policy Committee (MPC), Prof. Murtala Sagagi, has highlighted the complex nature of Nigeria’s inflation challenges. Sagagi said mere monetary policy readjustments will have a limited…
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The Central Bank of Nigeria (CBN) has postponed the Monetary Policy Committee’s 293rd meeting, which was scheduled for Monday and Tuesday, September 25 and 26, 2023. A statement issued by the bank’s Director of Corporate Communications,…
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The Central Bank of Nigeria has reaffirmed its commitment to gradually phase out the old N200, N500, and N1,000 naira notes while issuing new currencies. The acting governor of the apex bank, Folashodun Shonubi announced this, on Tuesday…
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According to Nwanisobi, the warning by the CBN Governor was to those who sought to convert the Naira from their accounts into foreign exchange for election campaign and not those who seek to exchange the currency for legitimate purposes…
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