Tag: MPC

CBN Retains Interest Rate At 27.5%

Ganiyu Amodu

The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has unanimously decided to hold all the parameters. This was announced by the CBN Governor, Mr Olayemi Cardoso, on Thursday during a press briefing in Abuja. In this regard, that keeps the Monetary Policy Rate (MPR) at 27.50 percent, and retains the asymmetric corridor around the MPR at +500/-100 basis points. Court Grants Portable N2m Bail, Adjourns Case Till March 5 Portable Arraigned In Ogun Court Over Alleged Assault On Government Officials The MPC also retained the Cash Reserve Ratio…

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Too early to hike key interest rate from 11.5%, Experts caution Nigeria

Damilola Olonade

Nigeria records economic growth pick up first time in One Year as Oil, Factory Output Rise   Nigeria’s economic growth quickened in the first quarter as oil output started to recover and manufacturing production increased for the first time in a year. This, however, come with a caveat from experts who stated that despite the pickup in growth, it is still too early to increase the key interest rate from 11.5%. This same view was raised by the Governor of Central Bank of Nigeria, Godwin Emefiele.   READ ALSO: Nigerian…

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