The Desert to Power initiative aims to bring energy to one of the least developed and most marginal parts of the continent May 23, 2024/AfDB Desert-to-Power involves 11 countries across Sahelian belt; 250 million people set to benefit with 10 gigawatts of solar by 2030. The African Development Bank is the […]
Updates
CBN Releases Communiqué No. 152 of the MPC Meeting – May 20 – 21, 2024
May 21, 2024/CBN The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 295th meeting on May 20th and 21st, 2024, to review recent economic and financial developments and assess risks to the outlook. Decisions of the MPC The Committee’s decisions are as follows: Raise the […]
MPC Raises MPR by 1.50% to 26.25%
Central Bank of Nigeria (CBN) 295th Monetary Policy Committee (MPC) Meeting Outcome – 21/May/2024: Monetary Policy Rate (MPR) was raised by 150 basis points from 24.75% to 26.25%. Asymmetric Corridor retained at +100/-300 basis points around the MPR. Cash Reserve Ratio (CRR) retained at 45.00% for DMBs and 14% for […]
