MPC
25 Nov
Commercial banks in the country may be required to increase their capitalisation in coming months.
21 Nov
For the second time in a row, the Central Bank of Nigeria (CBN) has missed the rate-fixing Monetary Policy Committee (MPC) meeting, leaving room for speculations on Olayemi Cardoso’s strategic policy direction, approach to inflation control and even the current composition of the arm.
26 Jul
The Central Bank of Nigeria (CBN), yesterday, took a route to combating inflation as it tinkered with the asymmetry corridor, increasing banks’ incentives to unpack their idle funds.
25 May
Yesterday was a tough day for the economy with the National Bureau of Statistics (NBS) confirming slower growth, while the Monetary Policy Committee (MPC), raises the benchmark interest rate by another 0.5 point, suggesting that growth is not yet its priority.
20 Mar
The market may have shifted its focus from the protracted cash squeeze, momentarily albeit to rising interest rates, as the rate-fixing arm of the Central Bank of Nigeria (CBN), the Monetary Policy Committee (MPC) starts its second meeting today.
31 Jan
Comercio Partners, an investment bank firm, has projected that the further increase in the Monetary Policy Rate (MPR) the benchmark interest rate of the Central Bank of Nigeria, to 17.5 per cent will likely translate to higher funding cost for Small and Medium Enterprises (SMEs) and increased cost of living for consumers.
23 Dec 2022
Amidst rising recklessness and fiscal waste, a member of the Monetary Policy Committee (MPC), Prof. Mike Obadan, has urged the fiscal authority to avoid measures that undermine the monetary authority and worsen inflationary pressure.
Latest
1 hour ago
President Bola Tinubu has reneged on one of the legal and moral demands on public office holders to declare their assets upon the assumption of office, for transparency purposes.
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Leaders of the Economic Community of West African States (ECOWAS) met yesterday in Abuja for talks about the region’s deepening crisis, after four countries fell under military rule and with risks growing from Sahel jihadist conflicts.
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The Centre for the Promotion of Private Enterprise (CPPE) has warned that an increase of the customs duty exchange rate from N783 to N952/$ would worsen the already-high inflation rate and increase the cost of production.
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The emergence of factional Speakers to carry out legislative business in Rivers State House of Assembly, including review of Appropriation Bill, signposts a state in disarray and governance on the edge
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FMDQ Spot and Derivatives markets recorded a turnover of $557.8 million, representing a decrease of 6.63 per cent ($39.60 million) for the week ending on December 8 compared to $597.4 million achieved in the previous week.
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The Nigeria Olympics Committee (NOC) is worried that poor finances are affecting national sports federations’ preparations for next year’s African Games and Paris 2024 Olympics.
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Billionaire businessman, Femi Otedola, on Sunday, said Nigeria and the West African sub-region had a lot to benefit from the Dangote Refinery as it officially commenced production.
1 hour ago
Close to $7 trillion is invested across the globe yearly to check negative impact on nature, the latest State of Finance for Nature report released yesterday at COP28 by the UN Environment Programme (UNEP) and partners showed.
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These are not the best of times for property developers and prospective homeowners as financial institutions, especially commercial and mortgage banks are rejecting property documents for loan transactions.