Currency outside banks rises as N1.6 trillion left bank vaults in one year
Latest data from the Central Bank of Nigeria (CBN) reveals a significant year-on-year (YoY) increase in the amount of currency ...
Tag: MPC
News and stories about MPC
Interest rate: Cardoso setting Nigeria on the right course, says World Bank
The World Bank has lauded the reforms led by the Central Bank Governor, Yemi Cardoso, noting that his monetary policies ...
The CBN’s latest monetary policy hike: The good, the bad, and the downright ugly
In a move that has sent shockwaves through Nigeria's financial landscape, the Central Bank of Nigeria's Monetary Policy Committee (MPC) ...
Lower U.S. index readings, MPC interest rate hike boost Naira
The Nigerian naira took advantage of weak U.S. dollar index readings in the official market and a surprise interest rate ...
CBN confirms FAAC allocations impacting exchange rate stability
The Central Bank of Nigeria (CBN) has alluded that there is a correlation between monthly disbursement from the Federation Account ...
CBN raises interest rate by 50 basis points to 27.25%
The Central Bank of Nigeria (CBN) Monetary Policy Committee has decided to further raise interest rate by 50 basis points ...
Three MPC members vote to retain interest rate at 26.25% during July meeting
At least three members of the Monetary Policy Committee (MPC) voted to retain the Monetary Policy Rate (MPR) at 26.25% ...
Nigerian Manufacturers say 1,475 basis point rise in interest rate since 2022 leads to inflation
The Manufacturers Association of Nigeria (MAN) has reacted to the recent decision by the Central Bank’s Monetary Policy Committee (MPC) ...
Naira posts best daily gains since March amid increased FX inflows, anticipated interest rate hike
The naira posted impressive gains against the haven currency amid increased inflows from the CBN, recording its best gains since ...
CPPE urges Central Bank to halt interest rate hike as MPC meets today
The Centre for the Promotion of Private Enterprise (CPPE) has asked the Central Bank of Nigeria (CBN) to put a ...
