Why MPC will sustain hold on rates this week
While every one would want interest rate cut at the end of meetings by the policy making arm of the Central Bank of Nigeria (CBN), it would be hope deferred again for the 13th time, because of expected domestic and foreign backlash. Meanwhile a poll of analysts’ opinions and projections on the decisions of…
Banks, the challenges and real sector interventions
After the global financial crisis in 2008, central banks across the globe re-invented their policy basket, which saw the emergence of a renewed vigour in unconventional monetary policy.
CBN orders lending to agric sector, inflation rises on food items
The Central Bank of Nigeria (CBN) has directed deposit money banks to increase lending to the agricultural sector to check rising food prices. This followed its 262nd Monetary Policy Committee (MPC) meeting held from Monday, July 23 to Tuesday, July 24, 2018. It pegged the interest rate of such lendings at nine per cent per…
CBN holds monetary rates steady for two years
Foe the 12th consecutive time in two years, the Central Bank of Nigeria (CBN) has retained all the monetary policy rates for the country.
MPC meetings and economic progress
At the 260th meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria which held on April 3-4, 2018, the reconstituted MPC sadly fell into the rut left by its predecessors...
MPC meeting: CBN, policy makers and economic choices
The Central Bank of Nigeria (CBN), just like every other Central Bank, is assigned the responsibility of managing the monetary and exchange rate policy of the Government.
Capital market operators seek representation on MPC board
Worried by the effect of Monetary Policy Committee (MPC) decisions on the nation’s capital market activities, operators have stressed the need for Central Bank of Nigeria (CBN) to appoint a capital market representative as one of its MPC members.
CBN confirms date for first MPC meeting in 2018
The first Central Bank of Nigeria (CBN)’s monetary policy meeting this year will hold on April 3 and April 4, 2018 after three consecutive postponements due to non-replacement of retiring members. The development had led to lack of quorum for the meetings, just as the process of replacing retiring members was earlier stalled due to…
‘All macro-economic indicators are positive’
Nigeria’s Central Bank Governor, Godwin Emefiele says the institution is ready to support businesses that would like to work with the CBN towards achieving import substitution adding that the move is aimed at increasing...
CBN allays fears over deferred MPC meeting
The Central Bank of Nigeria (CBN) has allayed the fears of Nigerians and the international community over the inability of the bank to hold the Monetary Policy Committee (MPC) meeting earlier scheduled for today and tomorrow. The development arising from the non-confirmation of about seven MPC-member nominees by the Nigerian Senate, would not allow the…