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MPC

11 Mar
Often described as the optimist general of Africa, the President of the African Development Bank (AfDB), Dr Akinwumi Adesina, holds a strong view on the prospect of the continent breaking into the global frontier to drive the next phase of growth.
5 Mar
Governor Godwin Obaseki of Edo State has predicted tougher economic times for the country, faulting the decision by the Central Bank of Nigeria (CBN) to increase interest rate to 22.75 per cent.
25 Feb
The Central Bank of Nigeria (CBN), has scheduled its first Monetary Policy Committee (MPC) meeting with Yemi Cardoso as Governor for Monday and Tuesday.
15 Feb
President Bola Tinubu has requested the Senate to confirm Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, as Chairman of the Monetary Policy Committee (MPC).
25 Nov
Commercial banks in the country may be required to increase their capitalisation in coming months.
21 Nov
For the second time in a row, the Central Bank of Nigeria (CBN) has missed the rate-fixing Monetary Policy Committee (MPC) meeting, leaving room for speculations on Olayemi Cardoso’s strategic policy direction, approach to inflation control and even the current composition of the arm.
26 Jul 2023
The Central Bank of Nigeria (CBN), yesterday, took a route to combating inflation as it tinkered with the asymmetry corridor, increasing banks’ incentives to unpack their idle funds.
25 May 2023
Yesterday was a tough day for the economy with the National Bureau of Statistics (NBS) confirming slower growth, while the Monetary Policy Committee (MPC), raises the benchmark interest rate by another 0.5 point, suggesting that growth is not yet its priority.

Latest

1 hour ago
Nigerian banks have 24 months to recapitalise their capital base to at least N500 billion international authorisation capitalisation to continue operations in the country, the Central Bank of Nigeria (CBN) has said. This comes after the apex bank urged Nigerian banks to expedite action on the recapitalisation of their capital base to strengthen the financial…
1 hour ago
President Bola Ahmed Tinubu has approved the appointment of Dr. Abdullahi Usman Bello as the Chairman of the Code of Conduct Bureau (CCB), pending confirmation by the Nigerian Senate. Presidential spokesman, Ajuri Ngelale, confirmed Tinubu's approval of Bello's appointment in a statement on X on Thursday. According to the Ngelale, Dr. Bello is a consummate…
2 hours ago
Hoodlums attacked and set on fire the Neni Divisional Police station in Anaocha Local Government Area of Anambra State. It was gathered that the hoodlums numbering about 30 stormed the area at about 2am on Thursday and destroyed several buildings. READ ALSO: First phase of Lagos-Calabar Highway to be completed in three years – FG…
2 hours ago
To streamline operations and enforce parity across its workforce, the Board of Eko Electricity Distribution Company (Eko Disco) has affirmed recent management changes and its decision to harmonize salaries and conditions of service for all employees. Dispelling rumors of a reversal in the dissolution of the former management under Dr Tinuade Sanda, Mr. Dere Otubu,…
3 hours ago
The Federal Government said the first phase of the Lagos-Calabar highway will be completed within the next three years. This was disclosed on Thursday in a statement by Ben Bem Goong who is the spokesman to the Minister of Works, Engr. David Umahi. Goong made this announcement following Umahi's inspection of the Lagos-Calabar coaster highway…
4 hours ago
Nigeria has been left in darkness as the national electricity grid controlled from Osogbo, Osun State collapsed at about 4:30pm on Thursday. Most distribution companies across the country disclosed that their feeders were out leaving their franchises area across the 36 states in darkness. While the grid output was 2984 megawatts as at 4pm, the…
4 hours ago
An Ikeja High Court on Thursday issued a bench warrant against the former employee of Punch Nigeria Ltd., Olusegun Ogunbanjo, and others charged with N950 million fraud.
4 hours ago
An Ikeja Sexual Offences and Domestic Violence Court on Thursday discharged and acquitted a 23-year-old student, Victory Tasie, charged with defiling his girlfriend.
4 hours ago
Persons familiar with the antecedents of Senator Uba Sani, the Governor of Kaduna State, readily attest to the fact that he is hardly ever deterred by challenges or adversities, no matter how daunting. Stories abound of his daring exploits as a young civil and human rights activist when successive military juntas held sway in Nigeria.…
5 hours ago
A former National Chairman of the Peoples Democratic Party (PDP), Uche Secondus and members of the Presidential Campaign Council of the party for the 2023 general elections in Rivers State have declared their loyalty to President Bola Ahmed Tinubu and the state governor, Siminalayi Fubara. A former Minister of Transportation and the Director-General, PDP-PCC Rivers…