CBN cuts lending rate, retains others
The Central Bank of Nigeria (CBN), yesterday, lowered the Monetary Policy Rate (MPR) by 100 basis points from 12.5 per cent to 11.5 per cent. It, however, retained the Cash Reserve Ratio (CRR) at 27.5 per cent and the Liquidity Ratio at 30 per cent.
Financial expert advises CBN on interest rates as MPC holds
As CBN holds its 275th quarterly Monetary Policy Committee (MPC) meeting on Monday, a Financial expert, Mr Okechukwu Unegbe called for reduction of lending rates by banks to encourage investment.
Economic analysts set agenda as MPC meets Thursday
Economic analysts yesterday charged the Central Bank of Nigeria (CBN’s) Monetary Policy Committee (MPC) to hold all rates, citing the global crisis occasioned by coronavirus pandemic.
CBN’s CRR adjustment takes toll on equities
Prices of banking stocks tumbled at the close of trading yesterday, as the impact of the recent Cash Reserve Requirement (CRR) adjustment by the Central Bank of Nigeria (CBN) at its Monetary Policy Committee (MPC) meeting continued to hit hard on the sector.
CBN, interest rates and uncertainty
A recent meeting of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) indicates that the apex bank is indeed not in a hurry to cut interest rates and is thus bent on maintaining the status quo in monetary policy management in the economy.
CBN and banks’ appetite for FG securities
The decision of the Monetary Policy Committee of the Central Bank of Nigeria (CBN) at its recent meeting (CBN) to curtail the appetite of banks for Federal Government’s (FG) debt...
Normalised national currency as growth elixir
Reactions ranging from hand-wringing to fatalistic acceptance have trailed the downward review by International Monetary Fund (IMF) of Nigeria’s 2019 growth rate from 2.3 per cent...
CBN retains interest rate at 14%, decries rising external debts
The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 14 per cent and other parameters therein.
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…