MPC
3 Mar
Foreign exchange (FX), globally, thrives on spread. One can only make or lose money because there is a gap between two time periods – when one buys and sells units of a certain currency.
24 Feb
In May 2022, the MPR moved to 13 per cent up from 11.5 per cent. By the end of 2023, the monetary policy rate (MPR) stood at 18 per cent following adjustments. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) reports that inflationary pressures ...
21 Feb
Despite the newly rebased economy that brought inflation down from 34.8 per cent to 24.48 per cent in December last year, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has restored all the rate parameters.
17 Feb
How the Monetary Policy Committee (MPC) responds to the growing call for monetary policy neutrality (or easing in its extreme form) this year, starting this week’s opening meeting, will determine where the past 15-month interest rate takes the economy
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.
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