MPC urged to maintain status quo amid inflation, weak economy
As the Monetary Policy Committee (MPC) meets, experts have called on the Central Bank of Nigeria (CBN) to keep monetary policy rates at current values while strengthening intervention initiatives
Sell pressure ahead of MPC meeting triggers high stock volatility
Sell pressure ahead of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) meeting has triggered high volatility of equities trading at the Nigerian Exchange Limited (NGX).
Anticipated improved corporate performance lifts NSE indices by 3.4%
Expectations of improved corporate earnings, coupled with the outcome of the MPC meeting sustained positive sentiments on the equity sector of the Nigerian Stock Exchange (NSE) last week, as the market hit the N22 trillion mark,....
Expert urges CBN to curb inflation rates
As the Central Bank of Nigeria (CBN) opens it's Monetary Policy Committee (MPC) meeting on Monday, a financial expert, Mr Okechukwu Unegbu, has advised the committee to address rising inflationary rates.
Naira weakens badly
Nigeria is grappling with additional challenges, including a faster rate of inflation, as the gap between official and parallel segment of the foreign exchange (FX) market continues to widen.
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.
Ex-CBN director lauds MPC over interest rate reduction
A financial expert, Dr Titus Okunrounmu, has commended the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) for reducing the interest rate by one-percentage-point from 13.5 per cent.
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.