March 26, 2024/Cordros Report In line with our expectations, the Monetary Policy Committee (MPC) again voted to raise the Monetary Policy Rate (MPR) by 200bps to 24.75% in March. We highlight that the committee’s decision to hike the MPR further was hinged on (1) the existing inflationary pressures, (2) the […]
Updates
AFC Raises $1.16Bn Syndicated Loan, Its Largest Ever, in Mission to Close Africa’s Infrastructure Gap
This landmark transaction, commemorated at an event in Dubai last night, is a significant milestone in AFC’s unwavering commitment to develop critical infrastructure projects across the continent by enhancing its financial flexibility and diversifying its investor base March 26, 2024/AFC Africa Finance Corporation (AFC), the leading infrastructure solutions provider in […]
Rapid Response: MPC Increases the MPR by 400bps
March 26, 2024/Cordros Update The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), at its meeting today, voted to: Raise the MPR by 200bps to 24.75% (Previously: 22.75%) Narrow the asymmetric corridor to +100bps/-300bps (Previously: +100bps/-700bps) Retain the CRR for Deposit Money Banks at 45.0% Adjust the CRR for Merchant Banks to […]
