NEWS

CBN lowers MPR to 13.5%

The Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR) from 14.0 per cent to 13.5 per cent. Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele The Governor of the bank, Mr. Godwin Emefiele, disclosed this, in Abuja, this afternoon, while briefing the press at the end of the 226th Monetary Policy Committee (MPC) meeting. He said that the decision to loosen the MPT was borne out of the desire to stimulate growth in various sectors of the economy. The MPR had been retained at 14 per cent since July 2016.

Share This
Openlife Reporter

Recent Posts

African Democratic Congress, ADC Complete List Of 2027 Governorship And Deputy Candidates

The African Democratic Congress has unveiled governorship and deputy candidates for 28 states ahead of…

8 hours ago

Governorship Candidate’s Convoy Ambushed, Armoured Escort Vehicle Suffers Severe Destruction From Bomb Blast

The convoy of APC Borno governorship candidate Engr. Mustapha Gubio was ambushed near Damasak. A…

12 hours ago

Harsh Economic Realities Responsible For Uber Exit —Professor Abdullahi

Professor Hussain Abdullahi says Uber’s exit after 12 years reflects Nigeria’s harsh economy under Tinubu.…

13 hours ago

Facts About Atiku That Posterity Will Not Ignore Despite Negative Publicity…Oladipo Oluwole

In a new opinion piece, Oladipo Oluwole argues that despite years of attacks, the facts…

18 hours ago

Estimated $2.8 Trillion Combined Net Worth Of World’s First 10 Richest Individuals Closes In On Africa’s Entire $3.32 Trillion Total Nominal GDP

The combined wealth of the world’s 10 richest individuals has hit $2.8 trillion, nearly matching…

1 day ago

Kofi Owusu Peprah Set To Embark On USA Gospel Music Tour In September And October

Kofi Owusu Peprah Set To Embark On USA Gospel Music Tour In September And October

2 days ago

This website uses cookies.