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Finance

CBN retains MPR rate at 26.5% amid rising inflation

The Monetary Policy Committee of the Central Bank of Nigeria has voted to retain the Monetary Policy Rate at 26.5 per cent following its 305th meeting. The decision was reached at the latest MPC session, with 11 members in attendance. CBN Governor Olayemi Cardoso announced the decision on Wednesday at the conclusion of the meeting […]

News

CBN’s MPC member warns against Ways and Means limit increase 

A member of the Central Bank of Nigeria’s Monetary Policy Committee, Murtala Sabo Sagagi has voiced concerns that the proposed increase in the Federal Government of Nigeria’s Ways and Means limit from 5% to 10% will result in a significant increase in excess liquidity in the Nigerian economy. Sagagi highlighted that this trend raises the […]