By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) on Tuesday raised the Monetary Policy Rate (MPR) to 12 percent from 11 percent saying the balance of risk is tilted towards the exchange rate. Also, the MPC narrowed the asymmetric corridor […]
Tag: Cash Reserve Ratio
Fitch: Nigeria’s Oil Response Has Downside Fiscal, Growth Risks
February 4, 2016/Fitch Ratings statement Fitch Ratings-London-04 February 2016: The Nigerian authorities’ recent economic policy announcements show the response to the oil price shock is coalescing around state-led development to boost economic growth and import substitution to blunt the effects of declining oil receipts, Fitch Ratings says. It is yet […]
CBN Retains 11% Interest, FOREX Rate Unchanged
Click here to download CBN Communiqué No. 105 of the MPC Meeting of Monday and Tuesday, January 2 5 and 26, 2016 By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) at the end of Tuesday’s Monetary Policy Committee (MPC) meeting retained Nigeria’s benchmark interest rate at 11 […]
