News
BREAKING: CBN Retains Interest Rate At 27%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to retain Monetary Policy Rate (MPR) or interest rate at 27 per cent and adjust the asymmetric corridor around the MPR to +50bps/-450bps (previous: +250bps/-250bps).
The MPC members after the tw-day meeting in Abuja retain the CRR for Deposit Money Banks, Merchant Banks and non-Treasury Single Account (TSA) public sector deposits at 45per cent, 16per cent and 75per cent, respectively.
In addition, they voted to retain liquidity rate at 30 per cent.
more details shortly.
-
News4 days agoInsecurity: Kogi Schools Resume On Monday
-
Opinion3 days agoDon’t Pull the Plug: Why Nigerians Are Pleading for the U.S. to Extend Its Police Training Program — and Why It Must Synergize With New Military Arrivals
-
Crime3 days agoVigilante Reportedly Shoots Colleague Dead In Plateau
-
Crime5 days agoPolice Arrest Two Over Murder Of 62-Year-Old Woman In Oyo