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Stock market advances by N42bn in response to MPR cut

Reading Time: 2 minutes Image Credits: REUTERS. Transactions on the Nigerian Stock Exchange on Tuesday rebounded further by 0.31 per cent, just as the Monetary Policy Committee (MPC) reduced interest rate by 100 basis points. The MPC of the Central Bank of Nigeria (CBN) at the end of two-day meeting slashed monetary policy rate by 100 basis points to Read More…

Business Economy Top Story

CBN reduces Monetary Policy Rate to stimulate economic recovery

Reading Time: 2 minutes Image Credits: REUTERS. The Central Bank of Nigeria (CBN) on Monday announced reduction of the Monetary Policy Rate (MPR) from 12.5 per cent to 11.5 per cent. Mr Godwin Emefiele, the CBN Governor made the announcement while presenting the communiqué the 275th Monetary Policy Committee (MPC) meeting on Tuesday. Emefiele said that the decision to reduce Read More…

Banking Business Top Story

MPC retains MPR at 12.5%, holds other policy parameters constant

Reading Time: < 1 minutes  The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has retained Monetary Policy Rate (MPR) at 12.5 per cent and held all other policy parameters constant. The CBN Governor, Mr Godwin Emefiele disclosed this while reading the communique after the MPC meeting in Abuja on Monday. Emefiele explained that the committee retained Read More…