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Tag: Monetary Policy Rate (MPR)

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…
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.
Cardoso

Business

MPC meeting: CBN retains all monetary policy parameters

The committee also voted to retain the Cash Reserve Ratio (CRR) at 50 per cent for Deposit Money Banks and…
Court orders CBN to release N82bn to Akwa Ibom communities

News

CBN cuts lending rate

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has cut down the benchmark lending rate from…