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Monetary Policy Rate
The Buhari Media Organisation on Tuesday described as “a crude joke” a statement credited to former President Olusegun Obasanjo that the presidential candidate of the Peoples Democratic Party, Atiku Abubakar, is still better than President Muhammadu Buhari despite his electoral loss.
In a report titled: “The Misery Index 2018,” authored by Dr. Steve Hanke of the Johns Hopkins University in Baltimore, Maryland, Nigerians have been labelled the sixth most miserable people in the world. The misery index was introduced in the 1970s by Arthur Okun, an American economist, author of the seminal work, Equality and Efficiency: The Big Trade Off (1975).
Mr Wale Adegbite, a former Chairman, Manufacturers Association of Nigeria, Ogun Chapter, has urged the CBN to also reduce the Cash Reserve Ratio (CRR) to make the reduction of the Monetary Policy Rate (MPR) meaningful
Analysts have said the reduction of the Monetary Policy Rate, also known as benchmark interest rate, may dampen foreign investors in the nation’s stock market.
Financial analysts have described the decision of the Central Bank of Nigeria, CBN, to reduce the Monetary Policy Rate, MPR, to 13.5 per cent as a hasty decision with zero impact on boosting lending to businesses.
Lukman Otunuga, research analyst at FXTM, says the Central Bank of Nigeria (CBN) would likely cut interest rates further if macro economic conditions in the country improve.
Monetary Policy Committee of the Central Bank of Nigeria (CBN) has decided by a vote of six members to adjust the Monetary Policy Rate (MPR) by 50 basis point – from 14% to 13.5%.
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.
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 14 per cent.
Minister of Budget and National Planning, Senator Udoma Udo Udoma, has allayed the fears of Nigerians over the softening of the international oil prices, saying that the government willclosely monitor the events with a view to achieving targeted oil production.
The CBN Governor, Mr. Godwin Emefiele, who read the communique at the end of the two-day MPC meeting, noted that the committee considered the drop in inflation which is seasonal and not sustainable, adding that the upside risk to inflation still remains
The Central Bank of Nigeria’s Monetary Policy Committee has voted to retain the Monetary Policy Rate (MPR) at 14%.
It is interesting how the Naira has witnessed stability against the Dollar after the Nigerian Central Bank kept its monetary policy rate (MPR) unchanged at 14% in July.
The Director, Monetary Policy, Central Bank of Nigeria (CBN), Mr. Moses Tule, has stated that a reduction in the key interest rate — Monetary Policy Rate (MPR) — at this time would throw up a cocktail of fiscal challenges in the economy and create more inflationary pressure.
Capital market operators on Tuesday urged the Federal Government to focus more on infrastructure development to boost local employment and consolidate the achievements of the past three years.
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Former Vice President Namadi Sambo was yesterday unanimously elected chairman board of trustees of Baze University, Abuja alongside four other new members inaugurated by the board.
The Nigerian Air Force (NAF) will deploy aircraft, military equipment and personnel in Abuja during rehearsals for its 55th Anniversary celebration.
Lionel Messi already deserves to lift a sixth Ballon d'Or regardless of whether he wins the Champions League with Barcelona or not, according to former Brazil striker Rivaldo.
Carlo Ancelotti still believes in Napoli's squad as he backed his players after their Europa League defeat to Arsenal.
The Forum of All Progressives Congress (APC) newly-elected members of the House of Representatives have expressed support for the consensus candidate of the party for the 9th National Assembly Speakership, Femi Gbajabiamila.
The Federal Government on Thursday said it would increase the number of trains plying the Abuja-Kaduna route to run a train per hour before the end of 2019.
Paris Saint-Germain head coach Thomas Tuchel has rejected suggestions that the club are in crisis but concedes that they are experiencing a "difficult phase".
The Chairman of Kaduna State Peace Commission, Reverend Josiah Idowu-Fearon has said the commission is in talks with state governor, Mallam Nasir El-Rufai on the release of Adara Community leaders in detention.
Nigerian Youth and Sports Minister Solomon Dalung has warned the Super Eagles not to underrate their Group B opponents when the 2019 Africa Cup of Nations kicks off in June in Egypt.
Fernandinho is absent from the Manchester City squad for their Premier League match at Crystal Palace on Sunday, with Kevin De Bruyne back in the team.