July 19, 2022/CBN The Monetary Policy Committee (MPC) met on the 18th and 19th of July 2022, confronted with heightened macroeconomic uncertainties, broad based inflation across countries, and weakening global recovery associated with the ongoing Russian-Ukraine war, as well as backlash from a wide range of sanctions imposed on Russia. […]
Updates
MPC Decision – July 2022
July 19, 2022/Coronation Research Eleven (11) members of the committee were in attendance. Decision • Raise MPR to 14.0% (6 out of 11 members voted to raise MPR by 100bps) • Retain the asymmetric corridor of the MPR at +100 / -700 basis point. • Retain CRR at 27.5%. • […]
Heritage Bank Partners Xplo-Sound, Adopt Ynspyre to Propel Growth in Entertainment Industry
July 19, 2022/Heritage Bank Heritage Bank has disclosed plans to further adopt Ynspyre, a digital product to help cater and deepen support for professionals and amateurs for the creative and entertainment industry’s growth. The bank stated that in a bid to further expand its reach by connecting with more groups […]
