30 results
- 17 May 2010
Monetary Policy Committee Holds Meeting
The Monetary Policy Committee (MPC) met on 10th and 11th May, 2010 to review domestic economic conditions during the first four months of 2010 and the challenges facing the Nigerian economy against…
- 18 Aug 2016
Buhari Says Monetary Policy alone not Enough to Expand Economy
Nigeria will need to combine monetary policies with fiscal and structural policies in order to overcome its worst economic crisis in decades and return to growth, President Muhammadu Buhari said…
- 22 Mar 2017
There’re Signs CBN May Cut Monetary Policy Rates Soon- Lukman
In spite the Central Bank of Nigeria (CBN) Monetary Policy Committee’s decision on Tuesday to retain the country’s benchmark interest rate at 14 percent, Lukman Otunuga, research analyst at Forex…
- 20 Sept 2024
CBN Withdraws Controversial Monetary Policy Document on Cybersecurity Levy, Others
Central Bank of Nigeria (CBN) has said that it has temporarily withdrawn the Monetary, Credit, Foreign Trade, And Exchange Policy Guidelines for Fiscal Years 2024 – 2025 document published on…
- 6 Aug 2012
“Efficient Payment System’ll Enhance Effectiveness of Monetary Policy, Financial Stability”
Tunde Lemo, the deputy governor, Operations of Central Bank of Nigeria (CBN) has said that an efficient payment system will enhance the effectiveness of monetary policy and the overall financial…
- 17 Jun 2026
IMF Warns of New Risks for Monetary Policy over $59Bn Crypto Inflows into Nigeria
The International Monetary Fund (IMF) has warned that the rapid expansion of stablecoin usage in Nigeria could significantly weaken demand for the naira and reduce the effectiveness of domestic…
- 3 Sept 2020
NDIC Seeks Strict Implementation of Fiscal, Monetary Policies
Umaru Ibrahim, managing director of the Nigeria Deposit Insurance Corporation (NDIC), has said that effective implementation of fiscal and monetary policy measures are critical towards addressing the…
- 1 Feb 2021
Nigeria Monetary Policy Makers in Tight Spot as Stagflation Takes Hold
By Lukman Otunuga, Senior Research Analyst at FXTM Nigerian monetary policymakers face three main pressures this quarter: the ongoing COVID-19 pandemic and a pressing need for economic stimulus in…
- 31 Jan 2020
Nigeria Monetary Policy Makers Balk at Rising Inflation
By Lukman Otunuga, Senior Research Analyst at FXTM, In January, the Central Bank of Nigeria (CBN) decided to hold the lending interest rate at 13.5 percent and significantly increase the Cash Reserve…
- 24 Sept 2024
CBN Raises Interest Rate to 27.25 Per cent
Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the monetary policy rate, which measures the benchmark interest rate, to 27.25 per cent. The monetary policy rate is the…
- 26 May 2026
Cardoso Rejects Return to CBN Intervention Era, Warns Against Old Policies
Olayemi Cardoso , Governor of the Central Bank of Nigeria (CBN), has cautioned against renewed pressure on the apex bank to return to intervention programmes previously implemented by the…
- 17 Sept 2021
CBN Retains Monetary Rate @ 11.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to retain the country’s monetary policy rate (MPR) for another period. This was disclosed by the Governor of the…
- 21 May 2024
CBN raises interest rate to 26.25%
Monetary policy committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates, from 24.75 percent to 26.25 percent. This comes after…
- 21 May 2014
CBN Expresses Concern over External Reserves Depletion
The Monetary Policy Committee of the Central Bank of Nigeria (CBN), yesterday expressed concern over the drop in fiscal buffers stating that the development had exposed the economy to vulnerabilities…
- 19 Oct 2023
Court Orders First Bank to Pay Interest of N2.9Bn to FAAN
A Lagos Federal High Court has ordered First Bank of Nigeria (FBN) Plc to pay the sum of N2,937,925,388.52 billion, to the Federal Airports Authority of Nigeria (FAAN) being an interest for not…
- 25 May 2021
CBN Retains Lending Rate at 11.5%
The Monetary Policy Committee MPC of the Central Bank of Nigeria CBN has retained the Monetary Policy Rate at 11.5 per cent. Governor of the Central Bank of Nigeria CBN, Godwin Emefiele, disclosed…
- 29 Sept 2016
Bloomberg: Nigerian Economic Policy Dispute Hinders Chances of Recovery
A dispute between Nigeria’s monetary and fiscal policy makers over how to lift the economy out of its worst slump in more than two decades may delay a recovery in Africa’s most populous country,…
- 14 Apr 2009
CBN Improves Liquidity, Slashes MPR to 8%
The Central Bank of Nigeria (CBN) has pegged the monetary policy rate (MPR) at eight percent, in a move to improve liquidity conditions in the domestic money market. Monetary policy rate, formerly…
- 20 Nov 2013
CBN to Cut Naira Supply Next Year Ahead of 2015 Polls
Central Bank of Nigeria (CBN) may further reduce money supply next year under her new tighter monetary policy for the 2014 fiscal year, in a bid to check the excessive pressure on prices due to the…
- 30 Dec 2021
CBN Forex Policies May Harm Economic Growth in 2022 — CPPE
Centre for the Promotion of Private Enterprise (CPPE), an economic think tank, has said the “monetary and foreign exchange policy rigidities” of the Federal Government may disrupt the economic growth…
- 24 May 2017
CBN Retains 14% Interest Rate
The Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR) otherwise known as interest rate at 14 per cent. The apex bank disclosed this at the end of its Monetary Policy…
- 12 Jun 2019
MPC Worries over Banks’ Bad Loans, Forex Exposure
Central Bank of Nigeria (CBN)-led Monetary Policy Committee (MPC) has expressed worry over the concentration and high non-performing loans (NPLs) in banks. The committee decried the persistent…
- 26 Jan 2021
CBN Opposes Fresh Lockdown as Interest Rate Remains at 11.5 Per Cent
Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday urged the Federal Government not to consider another round of lockdown. Godwin Emefiele, CBN governor Godwin Emefiele,…
- 9 Sept 2013
Banks, Environment Fuel High Interest Rate- CBN
Central Bank of Nigeria (CBN) has accused banks in the country of fueling the high interest rate ghost killing employment creation drive and generally haunting the country, Nigeria CommunicationsWeek…
- 21 May 2013
CBN Warns against Huge Spending on Military Operations
Central Bank of Nigeria (CBN)’s monetary policy committee has warned that military operations against Islamic insurgents in the North could pose liquidity risks for the economy. Sanusi Lamido Sanusi,…
- 1 Mar 2026
Iran-Israel-US Conflict and CBN’s FX Gains: A Stress Test for Nigeria’s Monetary Stability
Blaise Udunze At the 304th policy meeting held on Wednesday, the 25th February, the Central Bank of Nigeria’s (CBN) Monetary Policy Committee cut the rate by 50 basis points to 26.5 percent from 27…
- 21 Jul 2026
CBN Retains Interest Rate at 26.5% as Cardoso Cites Global Uncertainty Despite Inflation Drop
Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR), the nation’s benchmark interest rate, at 26.5 per cent, citing heightened global uncertainties despite signs of resilience…
- 20 Jan 2017
FXTM Analysis: Trump vs Yellen & Draghi vs Weidmann
FXTM Chief Market Strategist, comments on the battle between Bundesbank's Weidmann and Draghi on when to end the loose monetary policy: The U.S. dollar has been on a roller-coaster this week. After…
- 26 Aug 2012
CBN Urges Support for Cashless Project
Central Bank of Nigeria (CBN) has called for concerted effort by stakeholders to ensure the success of the cashless monetary policy arguing that the policy would lead to the attainment of the…
- 4 Jun 2013
New CBN's Cash Regime Takes Toll on Customers in the East
Several bank customers remain stranded in banking halls in the Eastern Nigeria coal mining capital, Enugu Monday as a new Central Bank of Nigeria (CBN) monetary policy on cash withdrawals takes…