Tuesday, February 16, 2021

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Monetary Policy Committee

COVID-19: CBN injects N3.5trn into Nigerian economy

The Central Bank of Nigeria, CBN, says it has so far made a total of N3.5trillion disbursements to cushion the effect of COVID-19 pandemic on the country’s economy.

BREAKING: CBN reduces lending rate to 12.5%

The Monetary Policy Committee of the Central Bank of Nigeria on Thursday reduced the Monetary Policy Rate to 12.5 per cent.

CBN retains interest rate at 13.5%

The Monetary Policy Committee, MPC, has retained the Monetary Policy Rate, MPR, at 13.5 per cent while other policy parameters remained constant.

NBS Report: Monetary Policy Committee must propel sustainable growth of GDP – Expert

Godwin Eohoi, the Registrar, Institute of Finance and Control of Nigeria has advised the Monetary Policy Committee, MPC, to ensure its decision will propel sustainable growth of Nigeria’s Gross Domestic Product, GDP.

CBN advised to review forex restriction on milk

The Nigeria Employers’ Consultative Association, NECA, on Thursday advised the Central Bank of Nigeria, CBN, to, in the interim, suspend the planned foreign exchange restriction for milk importation.

CBN: Why we banned importation of foreign milk, other dairy products, by Emefiele

The Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele has offered explanations as to why it banned the importation of milk and other dairy products, saying that the economic burden on such commodities are no longer bearable by the country.

13.5% lending rate remains, Emefiele vows

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 13.5 per cent.

Nigeria’s lending rate to remain at 13.5 per cent – CBN

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 13.5 per cent.

Nigerian Monetary Policy Committee retains lending rate at 14%

DAILY NIGERIAN reports that the governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, said this while briefing journalists on the outcome of the first MPC meeting for 2018 in Abuja on Wednesday.

CBN injects $210m into forex market

As the Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, commenced its last meeting for 2017, the bank on Monday intervened...

CBN injects $482.6m to straighten naira

The Central Bank of Nigeria, CBN, on Tuesday intervened in the inter-bank market to the tune of 482.6 million dollars in the first trading...

MAN decries 14% lending rate

The Manufacturers Association of Nigeria, MAN, Ogun Chapter, has condemned the retention of interest rate by the Monetary Policy Committee of CBN at 14...

CBN retains 14% interest rate

The Central Bank of Nigeria, CBN, on Tuesday said it retained the Monetary Policy Rate, MPR, otherwise known as interest rate at 14 per...

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