Monetary Policy
Monetary Policy news
CBN raises benchmark MPR by 200 basis points to 24.75%
The CBN’s Monetary Policy Committee (MPC) has increased the benchmark interest rate by 200 basis points from 22.75% to 24.75%....
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Nigeria’s money supply hits historic N95.56 trillion in Feb 2024 despite MPC’s tightening stance
Nigeria’s broad money supply (M3) has surged to a new historic high of N95.56 trillion as of February 2024 despite...
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New MPC Member, Sagagi, explains why monetary policy will not curb Nigeria’s inflation
A member of Nigeria's Monetary Policy Committee (MPC), Murtala Sabo Sagagi, has addressed the limitations of monetary policy in addressing...
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FG’s rising revenue still falls short of budget target by 47% in January 2024 - Lamido Yuguda
A member of the Monetary Policy Committee (MPC) and the Director General of the Securities & Exchange Commission (SEC) Nigeria,...
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Nigeria’s MPR to peak at 23.75% as CBN may fail to deliver positive real short-term interest rate – EIU
The Economist Intelligence Unit (EIU) has projected that Nigeria's Monetary Policy Rate (MPR) is expected to reach a peak of...
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CBN’s 22.75% interest rate hike sparks fears of increased non-performing loans- Experts
Some financial experts have expressed concerns regarding the hawkish monetary policy stance adopted by the Central Bank of Nigeria (CBN),...
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Foreign investors still wary as Cardoso pitches for hot money inflows
Data from the Nigerian Exchange (NGX) reveals that foreign participation in the Nigerian equities market dropped to 8.15% in January...
Read moreDetailsThe continuous hike in MPR: Implications for the stock market
The successive increases in interest rates by the Central Bank of Nigeria (CBN) have significantly reshaped and will continue to...
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CBN Governor, Cardoso, says I’m not responsible for Nigeria’s economic crisis
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says himself and his team are not responsible for...
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Nigeria’s money supply hits new all-time high of N93.72 trillion in January 2024
Nigeria's broad money supply surged to a historic high of N93.72 trillion as of January 2024, marking a remarkable ascent.
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