February 24, 2026/Cordros Update The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at today’s policy meeting, voted to: Reduce the MPR by 50bps to 26.50% (Previous: 27.00%) Retain the asymmetric corridor around the MPR at +50bps/-450bps Retain the CRR for Deposit Money Banks at 45.0%, and Merchant Banks at 16.0% Retain the 75.0% CRR […]
Author: InvestAdvocate
Flash Note: MPC Reduces Benchmark Policy Rate to 26.5%
February 24, 2026/CSL Update The Monetary Policy Committee (MPC) decided to reduce the Monetary Policy Rate (MPR). A breakdown of all parameter adjustments are as follows: Reduce the Monetary Policy Rate (MPR) by 50 basis points to 26.50% Asymmetric Corridor retained by +50/-450 basis points around the MPR. Cash Reserve […]
angote Refinery and NNPC Forge Strategic Alliance to Secure Nigeria’s Energy Future
February 24, 2026/Dangote Group In a landmark move signaling a new era of collaboration, Dangote Petroleum Refinery and the Nigerian National Petroleum Company Limited (NNPC Ltd.) have committed to a strategic partnership aimed at transforming Nigeria’s energy landscape and driving industrial self-sufficiency. During a high-level visit to the Dangote Refinery […]
