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Tag: CBN MPC

Stakeholders in the Nigerian economy declare support for the decision of CBN's MPC to reduce interest rates at its 304th meeting in Abuja

Business, Headlines

NECA, CPPE, stockbrokers welcome CBN’s MPR cut, urge broader reforms

They said the decision of the Monetary Policy Committee, announced by the CBN Governor, Olayemi Cardoso, reflected improving macroeconomic fundamentals…
Investors lose N1.14trn as NGX reacts to MPC decision

Business, Headlines

NGX bleeds N1.14trn as investors react to MPC decision

The action of the MPC triggered massive selloffs in stocks such as Daar Communications, Tantalizers, BUA Foods, Ellah Lakes, Japaul…
CBN Governor, Yemi Cardoso, said that members of MPC also voted to CRR at 45% for commercial banks and 16% for merchant banks

Business

CBN retains monetary policy rate at 27 %

Cardoso said that the MPC also retained the 75 per cent CRR on non TSA public sector deposits.