Monetary Policy Committee (MPC) Archives

FEATURED1 week ago

CBN says 17 banks to restructure over 32,000 loans

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

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

Economy & Politics1 month 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.

Business News2 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 for failing to meet Cash Reserve Requirement (CRR) targets. Nairametrics reliably...

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

Business News9 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.

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

Around the World9 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...

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

Business News10 months 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.