Monetary Policy Rate
Democracy and elections in contemporary Africa
In a packed audience at the Said Business School, Oxford University Mr Mahama stated that democracy is the antithesis to dictatorship, based on the rule of law. Elections allow voters to choose their leaders for a specific time space. Africa he noted, had experimented with three main scenarios, namely, post -independence party rule; military dictatorship…
Nigeria as world’s sixth most miserable?
A recent report on ranking of nations using the Misery Index on the state of living standards appears quite worrisome, particularly to the ordinary Nigerian. According to the latest Misery Index Report released by one Steve Hanke, an economist from the John Hopkins University, Baltimore, United States of America, Nigeria was ranked as the sixth…
Why high interest rate regime may continue, by Ecobank
The high interest rate regime in Nigeria may still linger except certain fundamentals in the country are fixed adequately, the Group Chief Executive Officer of Ecobank Transnational Inc., Ade Ayeyemi, has said.
Experts task government on monetary policy rate
Capital market experts have called for downward review of the Monetary Policy Rate (MPR), by the Monetary Policy Committee (MPC), to accelerate economic recovery and attract more funds to the stock market.
Central Bank of Nigeria keeps monetary policy rate at 14 %
The Central Bank of Nigeria (CBN) yesterday retained the Monetary Policy Rate (MPR) at 14 per cent.It is the rate at which the CBN lends money to deposit money banks in the country.
Stakeholders lament high interest rate
Capital market stakeholders have stressed the need for government to review the current interest rate downward to enable listed firms enhance profitability and increase investors’ access to the stock market.