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Monetary Policy Committee

CBN Issues Guideline On How To Avoid Getting Duped By Illegal Financial Operators

CBN Says Subsidy Removal, Naira Devaluation Will Fuel Inflation Rate

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) said the removal of subsidy on Premium Motor Spirit (PMS) and the naira devaluation will fuel the inflation rate. Members of the MPC stated that the continued hike in food

July 26, 2023

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

Dollar Gains Against Naira, As Foreign Exchange Traders Await CBN’s MPC Decision

On Tuesday, 23 May, the United States Dollar was sold to investors and exporters in the official market at the rate of N464.42 kobo/$1. They were sold the American greenback at N0.92 kobo more than the currency was priced at the close

May 24, 2023

Eight Controversial Decisions By Godwin Emefiele As CBN Governor

Business

Updated: Emefiele Reveals Reasons CBN Increased MPR/Interest Rate To 18%

The Central Bank of Nigeria (CBN) increased the Monetary Policy Rate to 18 per cent from 17.5 per cent on Tuesday, 21 March 2023, to halt inflation. Governor of the CBN, Godwin Emefiele made this known after the meeting of the Monetary

March 21, 2023

Business

Increased Spending Towards Elections, Others To Affect Economy – CBN

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has projected that Nigeria’s economy will grow at a subdued pace in 2023. MPC made this known in a 70-page document released on Wednesday covering the MPC’s first meeting for

March 2, 2023

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

Updated: Why CBN Raised Interest Rate To 17.5%, Highest In 22 Years

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) increased the interest rate to 17.5 per cent on Tuesday, 24 January 2023. This was disclosed by the central bank governor, Godwin Emefiele, during the post-MPC meeting held on Monday

January 24, 2023

Business

Nigeria’s Foreign Reserves Drops To $37.09 billion, CBN’s MPC Member Makes Projection

Within 12 months, Nigeria’s foreign reserves fell by $3.43 billion in 2022. However, it increased towards the end of the same year, reflecting the projection made by a member of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC). The external

January 3, 2023

Business

How CBN’s New 14% MPR Affects Nigerian Households, Jobs

The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) following a hike in inflation rate in June. The central bank made the decision after Tuesday’s Monetary Policy Committee (MPC) meeting. Godwin Emefiele, the central bank governor raised the

July 19, 2022

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Monetary Policy Committee

CBN Says Subsidy Removal, Naira Devaluation Will Fuel Inflation Rate

Dollar Gains Against Naira, As Foreign Exchange Traders Await CBN’s MPC Decision

Updated: Emefiele Reveals Reasons CBN Increased MPR/Interest Rate To 18%

Increased Spending Towards Elections, Others To Affect Economy – CBN

Updated: Why CBN Raised Interest Rate To 17.5%, Highest In 22 Years

Nigeria’s Foreign Reserves Drops To $37.09 billion, CBN’s MPC Member Makes Projection

How CBN’s New 14% MPR Affects Nigerian Households, Jobs

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