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 Jan 2013
CBN Policy Committee to Review Economy
The Central Bank of Nigeria’s says its 230th ‘Monetary Policy Committee (MPC), is to hold Monday to review the nation’s performance of key economic indicators, as well as other global economic…
- 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…
- 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…
- 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…
- 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…
- 22 Mar 2017
Banks Becoming Less Resilient- CBN
Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) yesterday said that the adverse macroeconomic environment, which had led to massive job losses and declining profitability, was…
- 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,…
- 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…
- 27 Nov 2025
CBN’s 303rd MPC Meeting: A Technocratic Victory, an Economic Setback, and a Missed Opportunity on Nigeria’s Real Crisis
By Blaise Udunze The Central Bank of Nigeria (CBN) 303rd Monetary Policy Committee (MPC) meeting arrived at a time of unprecedented tension within the Nigerian economy. The country has not faced a…
- 20 May 2025
CBN Maintains 27.50% MPR as Inflation Moderates
Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the MPR at 27.50 per cent, thus making it the second consecutive time in 2025. The decision was announced by the CBN…
- 22 Jan 2013
CBN Says ‘Non-Oil’ Sector Remain Engine of Growth
Central Bank of Nigeria’s monetary policy committee (MPC) last night said the non-oil sector remained the major driver of growth recording 8.23 per cent increase in contrast to the oil sector, which…
- 27 Feb 2024
CBN Raises Interest Rate to 22.5%
Central Bank of Nigeria's Monetary Policy Committee (MPC) has raised interest rate by 400 basis point from 18.5 percent to 22.5 percent. CBN governor Yemi Cardoso disclosed the decision of the…
- 21 Jul 2022
CBN Clarifies Warning on Criminal Currency Conversion
Central Bank of Nigeria (CBN) on Thursday explained that the statement made by Godwin Emefiele, governor, at the last Monetary Policy Committee (MPC) meeting briefing, was a stern warning to bank…
- 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 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…
- 19 Mar 2013
CBN Worries as Oil Fortunes Dwindles, GDP Contrasts to 6.58%
The Central Bank of Nigeria’s (CBN’s) monetary policy committee has stated that the Nigerian gross domestic product (GDP) rate declined from 7.43 per cent in 2011 to 6.58 per cent in 2012. Arising…
- 19 Jan 2009
CBN Reintroduces Retail Dutch Auction System
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) last week suspended the Wholesale Dutch Auction System (WDAS) and reintroduced Retail Dutch Auction System (RDAS) with effect from…
- 5 Jul 2020
CBN Debits Banks N1.977.7trn to Tightens Liquidity
Central Bank of Nigeria (CBN) has debited close to N2 trillion from several banks in the last quarter in line with its Cash Reserve Ratio (CRR) compliance requirement, and this has left many banks…
- 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…
- 26 Jul 2017
FXTM: Nigeria's Economic Recovery Could Become Reality By Year End
Nigeria’s ongoing mission to diversify away from oil reliance, and a sharp drop in oil which triggered a currency crisis, have encouraged the Central Bank of Nigeria to maintain its key interest…
- 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…
- 20 Feb 2025
CBN Retains Benchmark Interest Rate at 27.5% after MPC Meeting
Central Bank of Nigeria, CBN, has retained the Monetary Policy Rate, MPR, as its benchmark interest rate at 27.5%.Nigerian home decor ideas. Governor of CBN, Olayemi Cardoso, disclosed this at the…
- 3 Jun 2024
Fidelity Bank Delights Investors with 507 Percent Gain in 5 Years
Fidelity Bank's Investors have earned more than 507 per cent in capital gains over the past five years, ranking above all other major return benchmarks at the Nigerian stock market and the entire…
- 24 May 2022
CBN Raises Interest Rate to 13 Percent
Central Bank of Nigeria (CBN) has raised interest rate in the country to 13 percent, showing an increase of 1.5 percent. The interest rate had been at 11.5 percent initially before the hike by the…
- 26 Jul 2016
Don’t Panic over Health of Nigerian Banks - CBN
Godwin Emefiele, governor, Central Bank of Nigeria (CBN), yesterday admitted that given the shocks in the economy currently, there is no doubt that the banking sector was facing its own share of the…
- 19 Sept 2016
CBN Officials in Forex Scandal, Allegedly Launder Forex Through Phony Firms
A major scandal has hit the new foreign exchange policy of the Central Bank of Nigeria (CBN) as it is now riddled with sharp practices. The policy, which was introduced in March and…
- 25 May 2026
Nigeria’s Booming Banks And A Collapsing Economy
By Blaise Udunze Nigeria’s banking industry appears to be booming, largely driven by the policies of the Central Bank of Nigeria (CBN), under Governor Olayemi Cardoso, while the real economy…
- 27 Jul 2021
No More Forex Sales to Bureau De Change Operators- CBN
Central Bank of Nigeria (CBN) has stopped the sales of forex to the Bureau De Change operators in the country with immediate effect. Godwin Emefiele, governor, CBN, disclosed this after the Monetary…