MPC retains MPR at 11.5%, other parameters unchanged

Credit to private sector hits N32.2trn in Maysector recorded marginal uptick in April – CBN report

MPC retains MPR at 11.5%, other parameters unchanged     The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted unanimously to retain the Monetary Policy Rate (MPR) at 11.5 per cent. This was disclosed by the CBN Governor, Godwin Emefiele while reading the communiqué at the end of the MPC meeting on Tuesday 25th May 2021. the decision of the committee resonates with projections already made by experts at different quarters who said holding the current rate in the face of inflation  at double digit…

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Cautious equity investors, anticipate MPC’s outcome, amid portfolio realignments

Bank Stocks’ Investors Gain N261bn In April

Cautious equity investors, anticipate MPC’s outcome, amid portfolio realignments   By Investdata Analysts   In recent days, the bulls and bears have battling for dominance on the Nigerian Stock Exchange, propeling the ongoing oscillation amidst the earnings reporting season’s peak and rising yields in the fixed income market. The last full trading week of the March and first quarter started Monday on a positive note as investors expect more earnings reports, which coincides with the anxious wait for the outcome of the all-important Central Bank of Nigeria’s two-day Monetary Policy…

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Post-MPC Meeting: Investors shed caution mode, as NGSE index climbs higher

Nigerian equities extends gain on Tuesday to cross N20trn market value

By Investdata Analysts Equity prices closed higher on the Nigerian Stock Exchange (NSE) at midweek as buying pressure increased as if to confirm that investors were waiting to see whether the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) would pull a surprise at its first meeting of the year which ended on Tuesday. The exchange thereby extended the bull transition for a third successive session on a high traded volume and positive sentiment for Telecoms, Insurance, Banking, Industrial and consumer goods stocks, which pushed the composite…

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NGSE index soars on MPC meeting outcome, bargain hunting, positioning

Equities market sees marginal loss as 14 firms record losses

NGSE index soars on MPC meeting outcome, bargain hunting, positioning   By Investdata Analysts Trading activities on the Nigerian Stock Exchange on Tuesday was very volatile still, but bullish, closing higher on increased buying interests, heightening the gaining momentum, even on a low traded volume and amidst a positive breadth. The bull-run was thereby extended for the second consecutive session as members of the Central Bank of Nigeria’s Monetary Policy Committee voted unanimously to retain the monetary policy stance at the end of their two-day meeting. Specifically, the members voted,…

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CBN retains monetary rates; gives reasons

N15trn InfraCo begins operation this quarter

CBN retains monetary rates; gives reasons   Aligning with analysts’ speculations from various quarters, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Tuesday, unanimously voted to retain the benchmark Monetary Policy Rate (MPR) at 11.5 per cent; and the asymmetric corridor of +100/-700 basis points around the MPR. At the end of the two-day meeting, the first for the year 2021, the committee’s 12 members, once again “confronted with a policy dilemma as to whether to aggressively combat the inflationary pressure or support measures currently…

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Investors gain N55bn as rush for equities persists

Twitter Stock

Investors at the Nigerian Stock Exchange (NSE) have continued to reap the positive effects of recent rate cut by the Central Bank of Nigeria (CBN) which has turned the equities to a new bride admired by investors. The market again closed on Tuesday in the green territory to mark its eight bullish session with N55 billion gain and improved momentum as turnover volume and value also jacked up by 22.64 per cent and 12.39 per cent respectively. Specifically, equities price tracker, the All-Share Index (ASI) added 104.12 points equivalent to…

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Complete communique of CBN’s MPC meeting held 21st and 22nd of September, 2020

CONaira 4 Dollar SchemeVID-19 healthcare funds

CENTRAL BANK OF NIGERIA COMMUNIQUÉ NO. 132 OF THE MONETARY POLICY COMMITTEE MEETING HELD ON 21st AND 22nd SEPTEMBER 2020 The Monetary Policy Committee (MPC) met on Monday 21st and Tuesday 22nd September 2020, in the light of lingering uncertainties associated with the COVID-19 pandemic and downturn in crude oil prices. These uncertainties which centered primarily on when the pandemic will be fully subdued and the oil market return to normalcy, have resulted in persistent weak aggregate demand, disruptions in global supply chains, mixed price development, volatile and downward trending…

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MPC-triggered: Nigerian stocks appreciate by N42bn; index up 0.32%

stocks shares

The domestic stock market swang northward to close activities on a positive note on Tuesday in a move described by experts as a response to monetary policy decisions announced the same day by the Central Bank of Nigeria (CBN) at the end of its two-day Monetary Policy Committee (MPC) meeting. Equities investors gained N42 billion to close the day as market capitalisation closed the session higher at N13.408 trillion. The benchmark price metrics, the All-Share Index (ASI) added 80.55 points equivalent to 0.32 per cent appreciation to settle at 25,654.90…

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11.5% MPR: Emefiele explains factors surrounding rate cut, others

Credit to private sector hits N32.2trn in Maysector recorded marginal uptick in April – CBN report

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN) has explained factors that led to 100 basis points reduction in lending rate and other decisions taken at its last Monetary Policy Committee (MPC) meeting that ended on Tuesday. At the end of the 2-day meeting, the Committee had reduced the monetary policy rate (MPR) by 100 basis points from initial 12.5 per cent to 11.5 per cent and adjusted the asymmetric corridor to +100/-700 around the MPR. According to Emefiele, the Committee reviewed the choices before it, bearing in…

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Breaking: CBN reduces MPR by 100bps to 11.5%

CONaira 4 Dollar SchemeVID-19 healthcare funds

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to reduce the Monetary Policy Rate (MPR) by 100 basis points from 12.5 per cent to 11.5 per cent. Godwin Emefiele, CBN governor disclosed this while reading the communique at the end of the MPC meeting on Tuesday. The two-day meeting commenced Monday at the apex bank’s head office in Abuja. However, the committee retained CRR at 27.5 per cent stating that the recent inflationary pressures is not driven by monetary policies, rather as a result…

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