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Monetary Policy Rate
The Central Bank of Nigeria (CBN) says the country’s external reserves now stand at 45 billion dollars as at June 2019.
The Central Bank of Nigeria, CBN, yesterday, said it would soon announce measures to limit the excessive appetite of banks for government securities.
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.
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The new Minister of Niger Delta Affairs, Senator Godswill Akpabio, and the Minister of State, Mr. Festus Keyamo, SAN, on Wednesday assumed duty at the Ministry with the promise to leave huge footprints in the development of the Niger Delta region.
The Permanent Secretary, Ministry of Women Affairs and Poverty Alleviation, Mrs. Oluyemi Kalesanwo, yesterday, said exclusive breastfeeding for the first six months of life increases immunity in babies.
No Nigerian made the total list of 57 referees for the 2019 FIFA U-17 World Cup which kicks off from 6 October to 17 November in Brazil.
The Nigerian Stock Exchange on Wednesday said it is collaborating with JP Morgan Chase to facilitate in-depth capacity building programme on the derivatives market.
Borussia Dortmund midfielder Axel Witsel has opened up on the numerous transfers in his career that nearly went through, including moves to Manchester United, Real Madrid and Juventus.
A 26-year-old classroom teacher, Temitope A, has become N2 million richer after winning Betways’ African Cup of Nations prediction jackpot.
The Governor stated this while closing his case in the suit instituted by Emmanuel Jime, a 2019 governorship candidate, and the All Progressives Congress (APC) challenging his re-election at the Governorship Election Petition Tribunal in Makurdi, the state capital.
The Executive Secretary, Nigerian Content Development Monitoring Board (NCDMB), Engr. Simbi Wabote, on Tuesday said the Local Content Act cannot be fully comlied with because of the economic realities in the country.
The Consul General of Nigeria in Guangzhou, China, Wale Oloko, on Wednesday said the Chinese Police authorities had commenced investigation into the death of a Nigerian, Unachukwu Nwajueze.
President Muhammadu Buhari has approved the appointment of Dr. Johnson Akuma Obuna, as the substantive Medical Director, National Obstetric Fistula Centre, Abakaliki, Ebonyi State.