With inflation rate at 12.8%, this is almost like paying banks to keep the money for you.
The CBN’s disposition remains biased towards supporting economic growth.
MPR reduction is ideally supposed to have positive outcomes for banks’ lending rate and the economy.
CBN Governor, Godwin Emefiele, has disclosed that the apex bank would move to further cut the MPR if inflation drops to a single digit.
Central Bank Governor, Godwin Emefiele has tendered an apology over the inconveniences generated by the introduction of the cashless policy.
The Monetary Policy Committee (MPC) of the CBN holds its 269th meeting today and tomorrow, September 19 and 20, 2019.
Expectations are high as the Central Bank's Monetary Policy Committee (MPC) is currently meeting. As the CBN's highest decision-marking committee meets, financial experts differ on a...
The Central Bank of Nigeria increased the monetary policy rate in 2015 from 12 to 14% because it concluded that the high inflationary rate in the...
In continuation of the previous article published on government policies that affect SMEs, we will be exploring another key policy. Another important economic policy that you...
