FSDH Merchant Bank analysts have projected that the Central Bank of Nigeria, CBN, will tighten monetary policy in the fourth quarter of the year by increasing the Cash Reserve Requirements, CRR, of banks. Head of Research, FSDH Merchant Bank, Mr. Ayo Akinwunmi disclosed this at a media presentation of the bank’s monthly economic, financial and […]
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The Monetary Policy Committee of the Central Bank of Nigeria, on Wednesday, left the Monetary Policy Rate unchanged at 14 per cent. Governor of the apex bank, Godwin Emefiele, announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters in Abuja. Emefiele said that nine members […]
Read More The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday warned that the economy might relapse into protracted recession if bold monetary and fiscal policies were not activated immediately to sustain the programmes of the Federal Government. The committee stated that available forecasts of key macroeconomic indicators pointed to a fragile economic recovery […]
Read More Amid the Central Bank of Nigeria’s two-day bi-monthly Monetary Policy meeting held today in Abuja, economic experts and analysts have said the committee is expected to maintain the status quo by keeping the monetary policy instruments at the current levels. The experts were of the opinion that the MPC would keep the lending rate (Monetary Policy […]
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Lagos Chamber of Commerce and Industry (LCCI) has cautioned that the tight monetary policy recommended for Nigeria by IMF was inconsistent with economic recovery programme of President Muhammadu Buhari. The Director-General of LCCI, Muda Yusuf, while reacting to the report of the IMF Article IV Consultation on the Nigerian economy said, “We do not share […]
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The Federal Government needs to coordinate its fiscal and monetary policies more closely, the President, African Development Bank, Mr. Akinwumi Adesina, has said. Adesina, who spoke during a panel discussion at the Financial Times Africa Summit in London on Monday, said the move was necessary to improve the economic fortunes of the country. “I think […]
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