CBN’s MPC further raises reference interest rate by 100bps to 16.5%

WorldStage Newsonline– The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) rose from its two-day meeting today unanimously voted to increase the Monetary Policy Rate (MPR) further by 100bps to 16.5% – the fourth consecutive rate hike and the highest rate since November 2002 (18.5%).

CBN’s MPC further raises reference interest rate by 100bps to 16.5% Read More

Nigeria: CBN’s policy committee cuts interest rate to 12.5%, confirms disbursement of N93.2b from N1tr intervention fund

WorldStage Newsonline– The Central Bank of Nigeria’s Monetary Policy Committee (MPC) rose from its meeting on 28th May, 2020 with a unanimous vote to reduce the Monetary Policy Rate (MPR) and to hold all other policy parameters constant. Seven members voted for a reduction of the policy rate by 100 basis points, two members by 150 basis points and one member by 200 basis points.

Nigeria: CBN’s policy committee cuts interest rate to 12.5%, confirms disbursement of N93.2b from N1tr intervention fund Read More

Loan to Deposit ratio policy boosts credit by N1.1 trillion between June and October 2019, as CBN wants FG to sustain border closure

WorldStage Newsonline– The Central Bank of Nigeria (CBN) has confirmed that the current loan to deposit ratio (LDR) policy resulted to increase in loan by over N1.1 trillion between June to October 2019.

Loan to Deposit ratio policy boosts credit by N1.1 trillion between June and October 2019, as CBN wants FG to sustain border closure Read More

Nigeria: MPC retains reference interest rate at 14%, urges FG to sustain investment in infrastructure

WorldStage Newsonline– The Monetary Policy Committee (MPC) of the Central Bank of Nigeria rose today from its first meeting for fiscal 2019 (21st and 22nd January, 2019) with decisions to keep the policy parameters unchanged from their current levels, Monetary Policy Rate (MPR) retained at 14 per cent; asymmetric corridor of +200/-500 basis points around the MPR; Cash Reserve Ratio (CRR) at 22.5 per cent; and Liquidity Ratio at 30 per cent.

Nigeria: MPC retains reference interest rate at 14%, urges FG to sustain investment in infrastructure Read More