Home Topics CRR

CRR

Godwin Emefiele: Why central bank retained monetary policy rates

The Central Bank of Nigeria (CBN) on Monday said its Monetary Policy Committee (MPC) opted to retain monetary policy rates to rein in inflation and stabilise the economy.

Manufacturers decry 14 percent lending rate

Mr Wale Adegbite, Chairman, Manufacturers Association of Nigeria (MAN) Ogun Chapter, on Thursday expressed disappointment over the Monetary Policy Committee (MPR) ‘s decision to retain all the monetary policy rates.

Experts: MPR retention in line with expectations

Mr Sewa Wusu, Head of Research and Investment Advisory at SCM Capital Ltd., said the Monetary Policy Committee (MPC) retention of all monetary variables at current levels was expected.

IMF raises alarm as banks take N2.4 trillion central bank loans in 3 months

International Monetary Fund (IMF) has cautioned against rising risks in the banking sector leading to banks borrowing a total of N2.496 trillion from Central Bank of Nigeria (CBN) during the last three months of 2017 according to data obtained from the apex bank at the weekend.

2018: Nine banks to meet new central bank dividend payout policy – report

The SBG Securities (Pty) Limited of South Africa, a wholly owned subsidiary of the Standard Bank Group, has projected that about nine commercial banks in Nigeria would be able to pay dividends this year, despite the adjustment to the dividend payout policy issued by the Central Bank of Nigeria (CBN) recently.

Central bank mulls reducing CRR for SME-friendly banks

As part of efforts to encourage commercial banks to lend more to operators of micro, small and medium scale enterprises (MSMEs), the Central Bank of Nigeria (CBN) is considering lowering the cash reserve requirement (CRR) for SME-focused banks.

Central bank ‘on course’ to meet single digit inflation rate next year – Godwin...

The Central Bank of Nigeria, CBN, is on course to realise its target of bringing the country’s inflation rate down to single digits by next year, its governor, Godwin Emefiele, said on Wednesday.

Central bank holds interest rate to avoid exchange rate pressure

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has retained the monetary policy rate at 14 percent.

Access Bank gross N246.6bn in first 6 months in 2017

Access Bank Plc on Wednesday announced gross earnings of N246.6 billion for the 2017 half year ended June 30, 2017.

Monetary policy offers limited tools for economic recovery

Mr Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN), says monetary policy offers limited tools for dealing with the current economic challenges in the country.

Recent Stories

Samson Itodo

Ekiti guber: YAIGA Africa insists INEC result correct

Youths Initiative for Advocacy, Growth and Advancement (YIAGA) Africa, a Non-Governmental Organisation (NGO), on Monday insisted that announced result of Saturday’s governorship election in Ekiti was correct.
Aliyu Gusau

PTDF extends scholarship programme to China, others

The Petroleum Technology Development Fund (PTDF) has extended it scholarship programme to China, Germany and France to deepen capacity of Nigeria in the oil and gas sector.
Nigerian National Petroleum Corporation (NNPC)

NNPC to begin oil palm bio-diesel project in Cross River

The Nigerian National Petroleum Corporation (NNPC) has commenced a community integration and stakeholders’ engagement to sensitise people in Cross River ahead the planned oil palm-based bio-diesel project.
Thierry Henry

Thierry Henry quits as Sky pundit to focus on ambition of being a manager

Former Arsenal forward Thierry Henry has announced he is leaving Sky Sports to focus on his "long-term ambition to become a football manager".

Vendors: Drop in Newspaper sales is affecting our livelihood

Newspaper Vendors in Bauchi have lamented over the drop in sale of newspapers as a result of internet evolution.