Monetary Policy Committee (MPC) Archives

CBN to hold MPC meeting next week, Demand for credit by household increases in Q2 2020 - CBN, CBN grants licenses to 3 Payment Service Banks, Mobile money loan CBN Governor, CBN, Three PSBs get Apex Bank’s provisional to commence operations, Milk Import: Experts advise CBN on FX restriction , CBN automates trading system, introduces electronic form to facilitate exports , CBN campaigns for Made-in-Nigeria products

Financial Services5 days ago

CBN to hold MPC meeting next week

The CBN's highest monetary policy decision-making body, the MPC is set to hold its meeting.

MPR, CBN, GTBank, CBN disagrees with IMF, says land border closure boosting local production, Border closure: Emefiele says Benin, others must engage Nigeria before borders are reopened , bvn 2.0, CBN reveals banks’ foreign assets rise to N14.19 trillion in 2019

Macro-Economic News2 months ago

UPDATED: CBN retains MPR at 12.5%

MPR, Cash Reserve Ratio (CRR), Liquidity ratio, and asymmetric corridor remain unchanged.

CBN health intervention fund gets new interest rate by March 2012, Nigerian banks’ non-performing loans drop significantly by 41% in 2019, External reserves decline by over 8% in 3 months, Nigeria’s external reserves increase by $1.36 billion in 13 days

Macro-Economic News2 months ago

CBN to hold MPC meeting on July 20

Apex bank to hold its 274th Monetary Policy Committee meeting on Monday, July 20, 2020.

Financial Services3 months ago

CBN says 17 banks to restructure over 32,000 loans

Manufacturing and general commerce sectors constitute the bulk of the restructured facilities.

Godwin Emefiele, CBN expands scope of regional banks in Nigeria, gives compliance timeframe

Economy & Politics4 months ago

CBN shifts MPC meeting to Thursday

MPC meeting was shifted due to the public holidays the Federal Government declared, which coincide with the old dates chosen for the meeting.

CBN Vs NESG: Waving the white flag for the benefit of Nigerians, Exchange Rate Unification: CBN devalues official rate to N380/$1, Nigerian banks have written off N1.9 trillion impaired loans in past 4 years, CBN sandbox operations, Stirling Trust Company Limited

Business News5 months ago

Updated: CBN debits banks N1.4 trillion for failing to meet CRR targets.

The Central Bank of Nigeria has debited commercial banks in Nigeria a whopping sum of N1.4 trillion for failing to meet Cash Reserve Requirement (CRR) targets....

MPC, MPC to Maintain Accommodative Stance, Experts highlight why CBN won’t alter rates as MPC holds meeting

Business News11 months ago

Bankers decry rise in public debt, weak economy

Several bankers in the country have expressed worries over the huge amount of debt apportioned to debt servicing.

Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking

Around the World11 months ago

CBN clears air on Diaspora Remittances, official inflows $2.6bn not $26bn

The Central Bank of Nigeria (CBN) has disclosed that the official inflows of the remittances of Nigerians living abroad to the country was $2.6 billion and not...

Business News1 year ago

CBN Monetary Policy Committee and Minister of Finance clash over Nigeria’s debt

CBN's Monetary Policy Committee (MPC) members have countered the claim of the Minister of Finance that Nigeria's N24.9 trillion debt is not a problem.