By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The Nigeria’s Central Bank Tuesday retained the Monetary Policy Rate (MPR) at 12 percent (12%) consecutively for the fourteenth time following its Monetary Policy Committee (MPC) held January 20-21 2013 in Abuja Nigeria. However, the public sector cash reserve requirement (CRR) was tightened to […]
Tag: Inflation
UPDATE1-CBN Retains Rate at 12% for 14th Time, Ups CRR to 75%
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The Nigeria’s Central Bank Tuesday retained the Monetary Policy Rate (MPR) at 12 percent (12%) consecutively for the fourteenth time following its Monetary Policy Committee (MPC) held January 20-21 2013 in Abuja Nigeria. However, the public sector cash reserve requirement (CRR) was tightened to […]
Nigeria’s Central Bank Releases Financial Stability Report-June 2013
Global output was projected to grow at 3.1 per cent in 2013, the same rate as in 2012, owing to weak demand and growth in major emerging economies, persisting crisis in the Euro area, and weak expansion of the US economy. These factors, combined with improved supply of commodities, were […]
