July 23, 2024/CBN The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 296th meeting on July 22nd and 23rd, 2024, to review recent economic and financial developments and assess risks to the outlook. Eleven members attended the meeting. Decisions of the MPC The Committee’s decisions […]
Updates
MPC Decision – July 2024
July 23, 2024/Coronation Research Twelve (12) members of the committee were in attendance. MPC Decision MPC hiked by +50bps to 26.75%. The asymmetric corridor of the MPR was adjusted to +500bps /-100bps from +100bps / -300bps. CRR for commercial banks retained at 45%. CRR for merchant banks retained at […]
Adesina Briefs African Leaders on Bank’s Progress in Mobilizing Financial Resources for the Continent
The year began with the African Development Bank successfully launching a globally acclaimed landmark $750 million hybrid capital, the first ever by a multilateral financial institution July 23, 2024/AfDB The president of the African Development Bank Group, Dr. Akinwumi Adesina, has outlined the Bank’s successes in mobilizing financial resources for […]
