Tag: Monetary Policy Committee

CBN say dem no change plan to replace 1000, 500 & 200 notes
CBN say dem no change plan to replace 1000, 500 & 200 notes

Central Bank of Nigeria say dem no change plan to replace 1000, 500 & 200 notes. CBN Acting Governor, Folashodun Shonubi na him talk this one for Monetary Policy Committee meeting for the bank headquarters inside Abuja. Shonubi tell Nigerians make dem continue to de deposit their old money with banks before December 31, 2023, deadline.

Monetary Policy Committee increase lending rate to 13.5%
Monetary Policy Committee increase lending rate to 13.5%

Monetary Policy Committee for inside Central Bank of Nigeria don vote to increase Monetary Policy Rate which dem take to measure interest rate to thirteen-point five percent. CBN Governor, Godwin Emefiele, wey tok this one as him de follow some story people for the bank headquarters for inside Abuja tok, say six out of eleven committee members…

CBN retains MPR at 11.5 %
CBN retains MPR at 11.5 %

The Central Bank of Nigeria has retained the Monetary Policy Rate at eleven-point five percent, with other measurement indicators also remaining the same. The Monetary Policy Committee of the CBN also left the Cash Reserve Ratio at twenty-seven-point five percent, while the Liquidity Ratio is at thirty percent. CBN Governor, Godwin Emefiele made the announcement during a…

CBN retains lending rate at eleven-point five percent
CBN retains lending rate at eleven-point five percent

The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at eleven point five per cent. The CBN Governor, Godwin Emefiele, disclosed this to newsmen after the committee’s two-day meeting in Abuja. Other parameters left unchanged by the CBN are the Cash Reserve Ratio and Liquidity Ratio at twenty-seven point five…

MPC Retains monetary policy rate at 11.5 percent
MPC Retains monetary policy rate at 11.5 percent

The Monetary Policy Committee of the Central Bank of Nigeria has again retained the monetary policy rate at eleven-point five percent. CBN Governor, Godwin Emefiele, made the announcement at a news conference at the bank’s headquarters in Abuja. The Central Bank Governor also complained about the negative effect of insecurity in Nigeria on the nation’s economy. Godwin…

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