Reactions trail Central Bank of Nigeria’s rates cut
Reactions have continued to trail Tuesday’s reduction of Monetary Policy Rate (MPR) to 13.5 per cent by the Central Bank of Nigeria (CBN) after holding at 14 per cent for 32 months.
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...
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.