MPC
30 Dec
They are going to have the mid-term impacts and then the long-term impacts. But basically, the two policies are in the right direction. In the last 30 years, I’ve been campaigning for the removal of fuel subsidy because it’s going to free resources...
2 Dec
The sustained monetary tightening triggered a significant capital shift in the equities market in November as investors lost N63 billion in the month. This is contrary to the N2.5 trillion gain and unprecedented rally witnessed in the market in October 2024. The influx of impressive corporate earnings reports for the 2024 third quarter and nine…
26 Nov
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has further raised the interest rate by 25 basis points to 27.50 per cent from 27.25 per cent. The Governor of the CBN and Chairman of the MPC, Yemi Cardoso, announced the raise on Tuesday in Abuja while presenting a communiqué after the…
25 Nov
A Financial Expert, Prof. Uche Uwaleke, says the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is likely to raise interest rates again. Uwaleke, the Director, Institute of Capital Market at the Nasarawa State University, is also the President, Capital Market Academics of Nigeria. He said this in an interview with the…
25 Nov
It is not advisable for the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to further tighten the Monetary Policy Rate (MPR). An economic expert, Dr. Chijioke Ekechukwu said this in an interview with the News Agency of Nigeria (NAN) on Monday in Abuja. Ekechukwu, a former president of the Abuja Chamber…
25 Nov
With the headline inflation heading up again after a short-lived breather ahead of Christmas spending as well as the renewed pressure on the naira, the Monetary Policy Committee (MPC) appears set to announce another interest rate hike when it wraps up its meeting tomorrow.
24 Nov
A financial expert, Prof. Uche Uwaleke, says the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is likely to raise interest rates again. Uwaleke, the Director, Institute of Capital Market at the Nasarawa State University, is also the President, Capital Market Academics of Nigeria. He said this in an interview with the…
18 Oct
The share of Nigerians living below the national poverty line has risen from 40.1 per cent in 2018 to 56 per cent as of this year, the World Bank has said.
30 Sep
Amid the reported high currency in circulation, which hit a record high of N4.05 trillion in July, the Central Bank of Nigeria (CBN) says it will pump another N1.4 trillion into the system in the next three months. The move, according to the bank, is to improve cash flow within the banking system. There have…
23 Sep
With inflation slowing to 32.15 per cent in August, there are indications that the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (MPC), which meets today and tomorrow, will halt further interest rate hike.
22 Sep
At exactly 10 AM today, the members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will gather to begin their 297th meeting. This will be the fifth MPC meeting since Olayemi Cardoso was appointed CBN Governor in September 2023. Of course, the members will beat their chests and say, “Yes,…
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The Senate, yesterday, confirmed Capt. Chris Ona Najomo as the Director General of the Nigerian Civil Aviation Authority (NCAA) following the adoption of the report presented by the Senate Committee on Aviation during plenary.
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President Bola Tinubu has congratulated the President of the African Development Bank, AfDB, Dr Akinwunmi Adesina, on his 65th birthday.
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The Nigeria Police Force National Cybercrime Centre (NPF-NCCC) said its operatives had arrested a suspect over 597,000 dollars romance fraud.
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Panama on Thursday rejected the United States' claim that it had secured free passage for government vessels through the Panama Canal while bowing to US pressure to quit a key Chinese project. Panamanian President Jose Raul Mulino told reporters the US assertion about the waterway was "intolerable, simply and plainly intolerable," adding that he rejected…