Monetary Policy Rate (MPR)

Obaseki Faults CBN’s New Monetary Policy, Calls For Boosting Local Production

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Governor Obaseki criticizes CBN’s decision to raise Monetary Policy Rate to 22.75% He advocates for boosting local production to meet demand for goods and services Obaseki says economic and monetary policies must work together for growth Eko Hot Blog reports that Governor Obaseki criticizes the CBN’s decision to raise the monetary policy rate to 22.75%. … Read more

‘We Will Not Extend Naira Notes Deadline’ — CBN

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The CBN has insisted that the 31st January deadline to halt the use of the old 200, 500 and 1000 naira notes still stands. Emefiele said this during the CBN/Monetary Policy Committee (MPC) briefing in Abuja. Also at the meeting, the CBN raised the Monetary Policy Rate (MPR), which measures interest rate, to 17.5 per … Read more

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