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Pat Utomi: Likely monetary policy rates retention in future reasonable

An economist, Prof. Pat Utomi, has said the likely retention of the Monetary Policy Rates for a while at 14 per cent was reasonable due to non-availability of pressure on the economy.

Central bank retains monetary policy rate at 14 percent

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 14 per cent.

Central bank monetary committee holds MPR at 14 percent

The Central Bank of Nigeria’s Monetary Policy Committee has voted to retain the Monetary Policy Rate (MPR) at 14%.

Central bank retains monetary policy rate at 14 per cent

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 14 per cent.

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.

Central bank retains monetary policy rate at 14%

The Monetary Policy Committee of the Central Bank of Nigeria, on Wednesday, left the Monetary Policy Rate unchanged at 14 per cent.

CBN chief Godwin Emefiele allays fears over MPC meeting, says economy is strong

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has allayed the fears of Nigerians and the international community over the inability to hold the meeting of the Monetary Policy Committee for January.

MPC to retain interest rate at 14 percent – Godwin Emefiele

The Governor of Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, has said he expects Monetary Policy Committee, MPC, to retain interest rate at 14 per cent at next week’s MPC meeting.

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.

Banks trading below minimum liquidity ratio – MPC members

Four commercial banks in the country are operating with too many non-performing loans on their books and with liquidity ratios below the minimum requirement, two members of the Central Bank of Nigeria’s Monetary Policy Committee have said in statements on the bank’s website.

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.

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