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MPC
News and stories about MPC
In a move that has sent shockwaves through Nigeria's financial landscape, the Central Bank of Nigeria's Monetary Policy Committee (MPC) has once again defied expectations.
The Nigerian naira took advantage of weak U.S. dollar index readings in the official market and a surprise interest rate hike by the CBN amid ongoing dynamics in Nigeria's fragile FX market.
The Central Bank of Nigeria (CBN) has alluded that there is a correlation between monthly disbursement from the Federation Account Allocation Committee (FAAC) and liquidity in the banking system stating that it impacts the exchange rates.
The Central Bank of Nigeria (CBN) Monetary Policy Committee has decided to further raise interest rate by 50 basis points to 27.25%.
At least three members of the Monetary Policy Committee (MPC) voted to retain the Monetary Policy Rate (MPR) at 26.25% during the MPC meeting of the Central Bank of Nigeria (CBN) on July 22-23, 2024.
The Manufacturers Association of Nigeria (MAN) has reacted to the recent decision by the Central Bank’s Monetary Policy Committee (MPC) to increase the interest rate by 50 basis points stating that the continuous hike in MPR since May 2022 leads to an increase in production costs and finally prices of goods.
The naira posted impressive gains against the haven currency amid increased inflows from the CBN, recording its best gains since March.
The Centre for the Promotion of Private Enterprise (CPPE) has asked the Central Bank of Nigeria (CBN) to put a break on interest rate hike as the apex bank’s Monetary Policy Committee (MPC) meets today.
The exchange rate for duties collection by the Nigeria Customs Service (NCS) has risen by N3 above the official closing rate of the Naira on the NAFEM window.
Nigeria’s money supply (M3) has surged to nearly N100 trillion, hitting a new peak of N99.24 trillion in May 2024.
In the latest episode of "Follow the Money with Ugodre," we analyzed a busy week filled with crucial...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has attributed the recent volatility in the foreign exchange market leading to the recent depreciation of the Naira against the dollar to “seasonal demand” for the greenback.