CBN reviews minimum interest rates on savings deposit to 1.25%

Nigeria’s manufacturing sector contracts for 5th consecutive month – CBN , To test FX market, CBN pumps $50 million, CBN issues guidelines to Finance Institutions on establishment of Subsidiaries and SPVs, CBN injects $2.63 billion to defend naira in one month, CBN’s COVID-19 N50 billion targeted credit facility, CBN’s heterodox policies buoys credit growth, These industries drove business activities in September, Credit to Nigerian economy falls to N38.67 trillion as private stagnates at N30 trillion, Availability of secured credit to businesses and households increases as unsecured credit to households dips in Q3 2020 - CBN, CBN releases regulatory guidelines on the eNaira

With inflation rate at 12.8%, this is almost like paying banks to keep the money for you.

External reserves, 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 , CBN recent macroeconomic policies, others lead to a higher Fitch rating; from negative IDR to a stable ‘B’ rating, AGSMEIS: CBN expand beneficiaries to 14,638.

The monetary authorities opted for a wait-and-see approach

by CSL Stockbrokers

July 22, 2020

The CBN’s disposition remains biased towards supporting economic growth.

parallel market, Covid-19: N3.5 trillion disbursed as stimulus package for the Nigerian economy, 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, Key highlights of the October 2020 Business Expectations Survey Report, A Total of N3.5 trillion was disbursed in the wake of the COVID-19 pandemic, in addition to several other interventions to reflate the economy - CBN, BOFIA 2020: Steps forward or backwards for Nigerian banks, Total credit to the economy rose to N19.54trillion – CBN Governor

Will CBN’s recent MPR reduction have any positive outcomes?

by Emmanuel Abara Benson

June 15, 2020

MPR reduction is ideally supposed to have positive outcomes for banks’ lending rate and the economy.

Banks' stakeholders express 4 main concerns bothering the sector right now, CBN, MARKET UPDATE: CBN’s historic agriculture lending; Is it yielding the desired results?

This is when CBN will cut Monetary Policy Rate – Emefiele

by Bamidele Samuel Adesoji

September 25, 2019

CBN Governor, Godwin Emefiele, has disclosed that the apex bank would move to further cut the MPR if inflation drops to a ...

CBN advances ban on food imports , Emefiele, Nigeria’s manufacturing sector contracts, as key components shrink, CBN makes case for PSBs, cautions Banks, PSBs against demarketing , Banks' deposit with CBN dropped 68% in 9 months , Devaluation’s drum beats louder

CBN Cashless Policy: Emiefele regrets decision, insists on the policy

by Joseph Olaoluwa

September 20, 2019

Central Bank Governor, Godwin Emefiele has tendered an apology over the inconveniences generated by the introduction of the cashless policy.

Experts highlight why CBN won’t alter rates as MPC holds meeting

by Bamidele Samuel Adesoji

September 19, 2019

The Monetary Policy Committee (MPC) of the CBN holds its 269th meeting today and tomorrow, September 19 and 20, 2019.

Financial markets, CBN Forex Godwin Emefiele

Experts differ on possible rates cut as CBN holds MPC meeting

by Bamidele Samuel Adesoji

July 22, 2019

Expectations are high as the Central Bank's Monetary Policy Committee (MPC) is currently meeting. As the CBN's highest decision-marking committee ...

Mr Emefiele, It’s time to lower interest rates

by Op-Ed Contributor

January 26, 2018

The Central Bank of Nigeria increased the monetary policy rate in 2015 from 12 to 14% because it concluded that ...

Government economic policies that affects SMEs (2)

by Chris Pemu

February 10, 2018

In continuation of the previous article published on government policies that affect SMEs, we will be exploring another key policy. ...

Tag: Monetary Policy Rate