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% ...
Tag: MPC
News and stories about MPC
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 ...
Exchange rate for customs duties collection rises above official market rate again
The exchange rate for duties collection by the Nigeria Customs Service (NCS) has risen by N3 above the official closing ...
Nigeria’s money supply nears N100 trillion in May 2024, despite MPC’s tightening efforts
Nigeria’s money supply (M3) has surged to nearly N100 trillion, hitting a new peak of N99.24 trillion in May 2024.
FTM Podcast: Four Insurance Stocks on my radar by Ugodre
In the latest episode of "Follow the Money with Ugodre," we analyzed a busy week filled with crucial economic updates ...
CBN’s committee blames volatility in FX market on seasonal demand for dollar
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has attributed the recent volatility in the foreign ...
Naira breaks below 1500/$ as CBN decides on interest rates today
The naira stayed around a key support line in the country's unofficial market as analysts expect Nigeria’s apex bank to ...
Government palliative purchases driving food inflation in Nigeria – Cardoso
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has said that government purchases of palliatives are a ...
