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CBN MPC MEETING
The Central Bank of Nigeria (CBN) has announced that the 301st meeting of the Monetary Policy Committee (MPC),...
Nigeria's forex reserves have risen to $34 billion according to the governor of Nigeria's central bank, Olayemi Cardoso.
We anticipate a 25 basis points increase in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN) at the end of its MPC today.
Last week, Nigeria’s monetary authorities intensified efforts at solving Nigeria’s many fiscal and macroeconomic problem
However, he reiterated that the current currency would remain legal tender alongside the new Notes until January 31, 2023.
Emefiele suggested that Nigerians should start carrying N50 around and use electronic banking for large transactions
The further tightening stance will help restore investor sentiment while curbing the rising rate of inflation.
Our in-house analysts expect a hawkish stance albeit between 50bps and 100bps
Naira crashed to another record low on the black market, trading at an average of N722/$1 on Tuesday morning, from N713/$1 recorded in the previous trading session as eyes are now set on the Monetary Policy Committee briefing later today, to see the direction of the apex bank concerning interest rate movement and policy directions
MPC’s decision was intended to slow galloping inflation and save the persistent Naira depreciation.
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is set to meet this week,...
CBN had granted a temporary suspension on loan interests and repayment on principal debts.