Afreximbank and KCB Group will provide initial funding amounting to US$ 500 million and US$ 300 million, respectively towards the initiative September 17, 2025/Afreximbank KCB Group and pan-African multilateral development bank, African Export-Import Bank (Afreximbank) have entered a Memorandum of Understanding (MOU) aimed at providing financial and trade facilitation support […]
Updates
US Fed Cuts Rate for the First Time in 2025
September 17, 2025/US Federal Reserve Recent indicators suggest that growth of economic activity moderated in the first half of the year. Job gains have slowed, and the unemployment rate has edged up but remains low. Inflation has moved up and remains somewhat elevated. The Committee seeks to achieve maximum employment […]
Personal Statement by the MPC Members at the 158th MPC Meeting July 21-22, 2025
September 16, 2025/CBN 1. AKU PAULINE ODINKEMELU I vote to retain the Monetary Policy Rate (MPR) at 27.50%, the asymmetric corridor around the MPR at +500/-100 basis points, Cash Reserve Ratio of Deposit Money Banks at 45.00% and Merchant Banks at 16%, and the Liquidity Ratio at 30.00%. The […]
