Home Topics Monetary Policy

Monetary Policy

Joseph Nnanna

CBN: Governors raised false alarm on recession

The Central Bank of Nigeria (CBN) has dismissed the alarm raised by state governors that the economy might relapse into recession.

China’s central bank says no intent to tighten or relax monetary policy

China’s central bank has no intent to tighten or relax monetary policy, a vice governor said on Thursday.
The World Bank said on Tuesday that dry weather across much of Kenya was likely to curb the country’s economic growth this year, as it cut its forecast to 5.7 per cent growth.

World Bank: Drought may hinder Kenya’s economic growth

The World Bank said on Tuesday that dry weather across much of Kenya was likely to curb the country’s economic growth this year, as it cut its forecast to 5.7 per cent growth.
A pedestrian walks past a stock indicator showing share prices of the Tokyo Stock Exchange in Tokyo on August 14, 2018.Tokyo’s benchmark Nikkei index surged more than 2.2 percent August 14, swiftly recovering from the previous day’s losses, with investors encouraged by an apparent hiatus in the Turkey lira crisis. / AFP PHOTO / Kazuhiro NOGI

Tokyo shares close higher on weak yen

Tokyo shares rose on Friday, ending two days of declines, with a cheaper yen providing support and investors brushing off a downbeat central bank assessment of the Japanese economy.

Central bank urged to sustain monetary policy to further curb inflation

A Don, Dr Austine Nwaeze, has urged the apex bank to sustain its current monetary policy to curb the nation’s inflation rate.

Central bank: Value of money market assets outstanding hits N11.89 trillion

The Central Bank of Nigeria has said that the total value of money market assets outstanding in the fourth quarter of 2018 was N11.897trillion.
election inec nigeria

Experts: How 2019 election outcome will impact economy

Analysts have presented different possibilities for the Nigerian economy after the February and March elections, with most of them saying that a change in political leadership would most likely inspire hope and engender economic growth.
Zainab Ahmed

Minister: Nigeria’s debt within fiscal limits

Nigeria’s borrowing is still within acceptable fiscal limits, despite the country’s growing debt level, the Minister of Finance, Zainab Ahmed, has said.
Nigeria's Budget Minister Udoma Udo Udoma speaks during the public presentation and breakdown of 2018 Appropriation Act in Abuja, Nigeria.

Minister: We are taking steps to grow the economy

The Minister of Budget and Planning, Senator Udo Udoma, has assured that the federal government is putting in place measures necessary to ensure that the economy grows rapidly, while maintaining fiscal sustainability.
Nigeria Stock Exchange

Experts: General elections, monetary policy, others ‘ll shape stock market growth in 2019

Some financial experts on Wednesday identified outcome of general elections, direction of monetary policy and US-China trade tension as factors that would shape stock market in 2019.

Central bank warns banks on potential risks

The Central Bank of Nigeria has warned banks and other financial institutions to be wary of emerging risks in the sector.

IMF warns Nigeria not to delay reforms over high oil prices

The International Monetary Fund (IMF) has warned Nigeria and other oil exporting nations in dire need of structural reforms not to be tempted to delay the exercise due to the current higher oil prices.

MPC: Don predicts retention of key economic indices

As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) sits for its 263rd meeting in Abuja from September 24-25, finance experts have predicted that the committee will retain all the key economic indices as was the case at the 262nd meeting in July.

Naira stable as central bank holds rates Lira crumbles

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.

CBN: Reduction in interest rate will create more fiscal challenges

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.

Experts: Budget cycle inconsistency hindering economic, development

Over the years, the nation’s budget cycle has been inconsistent without a definite pattern, giving room for speculations and poor implementation.

Tokyo stocks close higher as investors focus on Korean summit

Tokyo stocks closed higher on Friday, underpinned by gains on Wall Street and investor confidence in corporate earnings, as well as expectations of a positive tone at a landmark inter-Korean summit.

IMF acknowledges central bank’s monetary policy success

The Central Bank of Nigeria (CBN) is relishing the success of its monetary policy, especially regarding the foreign exchange, as the efforts have been finally acknowledged by the international financial community.

Recent Stories

The Nigeria High Commission in Canada says it is set to evacuate Nigerian citizens, stranded in that country due to the COVID-19, back home.

Nigerians stranded in Canada return home Friday – mission

The Nigeria High Commission in Canada says it is set to evacuate Nigerian citizens, stranded in that country due to the COVID-19, back home.
Ibrahim Magu

PACAC decries EFCC chief’s prosecution, urges chief of staff to investigate

Following the alleged arrest of the acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, the Presidential Advisory Committee Against Corruption on Monday decried the ongoing prosecution of the anti-graft agency’s boss.
Atlanta mayor Keisha Lance Bottoms, who gained national recognition for her handling of turbulent anti-racism protests, tested positive Monday for coronavirus.

Atlanta mayor tests positive for coronavirus

Atlanta mayor Keisha Lance Bottoms, who gained national recognition for her handling of turbulent anti-racism protests, tested positive Monday for coronavirus.

EFCC chief detained after presidential panel interrogation over alleged graft

The Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ibrahim Magu, was taken into custody Monday night after interrogation by the Presidential Panel investigating his tenure as head of the agency.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

PSC dismisses 10 police officers, demotes 8 others over misconduct

Those demoted were a Deputy Commissioner of Police (DCP), a Chief Superintendent of Police (CSP), four Superintendents of Police (SP), one Deputy Superintendent of Police and an Assistant Superintendent of Police.