Tag Archives: Monetary Policy Committee

The Senate has approved that the nominees for the positions of Deputy Governor of the Central Bank of Nigeria and members of the Monetary Policy Committee be screened for confirmation. Chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions, Rafiu Ibrahim, raises a point of order at the plenary on Tuesday to urge the lawmakers to lift ...

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that the Monetary Policy Committee may cut interest rates in the first half of the year as inflation eases. Once inflation gets to low double digits “and high single digit happens, then it should be easy for the MPC to begin to look at easing,” Emefiele said, on ...

  The first meeting of the Monetary Policy Committee (MPC), for 2018, scheduled for Monday and Tuesday, has been cancelled, due to inability of members to form a statutory quorum.   The MPC is the Central Bank of Nigeria (CBN) committee responsible for formulating monetary and credit policy for the economy. In line with Section 12 (2d) and (e) of ...

The Central Bank of Nigeria’s Monetary Policy Committee is unlikely to hold its first interest rate setting meeting on January 22 as scheduled, it has been learnt. This, according to CBN sources, is because several new members of the MPC appointed by the Federal Government have yet to be confirmed by the National Assembly. The MPC meets, once in every ...

An economist, Sheriffdeen Tella, has advised the Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) to relax the monetary policy by lowering bank lending rates in 2018. A professor of economics at Department of Economics, Olabisi Onabanjo University, Ago-Iwoye, Ogun, Tella, gave the advice in an interview with the News Agency of Nigeria (NAN), on Wednesday, in Lagos. ...

The next Monetary Policy Committee, MPC, of the Central Bank Of Nigeria, CBN, may not hold because new members have not been confirmed for the vacant positions in the bank. The first for this year, is expected to hold with the next two weeks. THISDAY reports that since last November eight positions on the 12-member committee were vacant, making it ...

The Central Bank of Nigeria has added 210 million dollars into the inter-bank Foreign Exchange Market as the last Monetary Policy Committee (MPC) starts in Abuja The Acting Director CBN, Corporate Communications, Isaac Okorafor in a statement issued in Abuja, said the interventions were in the Wholesale, Small and Medium Enterprises (SMEs) and invisibles windows. He said the bank offered ...