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MPC
News and stories about MPC
The naira stayed around a key support line in the country's unofficial market as analysts expect Nigeria’s apex bank to increase interest rates later today.
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has said that government purchases of palliatives are a contributing factor to rising food prices in Nigeria.
Dr. Bunmi Bajomo, Head, Group Corporate Banking and Chief Operating Officer, Ecobank Transactional (ETI) has said that the MPC's resolution to elevate the cash reserve requirement from 32.5% to 45% positions Nigeria as the country currently boasting the highest CRR globally.
M3 jumped by 18.21% in January 2024, when compared to December 2023, to N93.72 trillion, an alarming 76% compared to January 2023. How could the government deny that it was printing money, just like the ways and means excesses it had criticised the Buhari administration for.
Dangote Cement, BUA Foods record bumper gains as equities market surges by N18.2 trillion in Q1 2024
Nigerian equities increased by a whopping N18.1 trillion in capitalization to stand at N59.12 trillion at the end of March 2024.
Law enforcement agencies are currently investigating a series of invalid foreign exchange transactions valued at $2.4 billion, according to Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN).
A member of Nigeria's Monetary Policy Committee (MPC), Murtala Sabo Sagagi, has addressed the limitations of monetary policy in addressing the nation's escalating inflation amidst structural challenges.
A member of the Monetary Policy Committee (MPC) and the Director General of the Securities & Exchange Commission (SEC) Nigeria, Lamido Yuguda, has disclosed that the Federal Government's retained revenue in January 2024 fell short of its budget target by 47%.
The International Monetary Fund (IMF) has advised the Nigerian government to implement its social protection measures to benefit poor and vulnerable Nigerians.
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso has stated that the apex bank has paid another $400 million of valid FX backlog to those who were genuinely identified.
The naira, week on week, posted some recovery against the haven currency at the unofficial market as CBN set in motion its MPC meeting.
The senate this afternoon has approved the appointment of the 12 member CBN monetary policy committee sent earlier by President Bola Tinubu.