July 23, 2024/Cordros Report The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) voted to increase the Monetary Policy Rate (MPR) further by 50bps to 26.75% (Previous: 26.25%) at its July policy meeting. The Committee’s decision to raise the policy rate was hinged on their goal to […]

July 23, 2024/Oilprice.com By Michael Kern Oil prices have declined this week despite rising geopolitical risks, with markets focusing primarily on Joe Biden’s decision to withdraw from the presidential race.         – The Asian oil market witnessed a much-needed recovery in trading after the region’s main benchmark […]

July 23, 2024/CSL Research The Central Bank of Nigeria (CBN) is anticipated to sustain its contractionary monetary measures as it concludes its fourth Monetary Policy Committee (MPC) meeting of the year. Price pressures and the need to attract foreign portfolio investments (FPIs) remain top priorities for the monetary policy committee. […]