BREAKING! CBN retains borrowing rate at 11.50% to quicken economic recovery

COVID-19 healthcare funds

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted unanimously to keep the Monetary Policy Rate (MPR) at 11.5%. This was revealed by Godwin Emefiele, the CBN governor while addressing newsmen at the CBN headquarters in Abuja on Tuesday after completion of the bank’s Monetary Policy Committee (MPC) meeting. He stated that the decision comes from the committee’s considerations for the need to soften the monetary policy as it will curtail rising inflation and also negate the desires of the deposit money banks to lend credit…

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CIBN Forum: Emefiele to unveil banking scorecard, regulatory roadmap

Real sector owing Nigerian banks N19.54trn as borrowing grows 21%

Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), is set to provide economic insight into the monetary policy and regulatory direction for the coming year at the 55th annual bankers dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN). A statement by the head, marketing/ corporate communication & external relations, CIBN, Nelson Olagundoye recently, stated that the CBN governor who will be delivering the keynote address is also expected to present the banking industry score card for the current year at the event which will…

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