The Central Bank of Nigeria (CBN) has projected that lifting petroleum from the newly launched Dangote Refinery will help reduce food prices in Nigeria in the short to medium term. CBN Governor Olayemi Cardoso shared this outlook during a press conference following the 297th meeting of the Monetary Policy Committee (MPC) in Abuja. EKO HOT … Read more
The U.S. Federal Reserve’s recent interest rate cut is expected to influence the upcoming decisions of Nigeria’s Monetary Policy Committee (MPC), which meets next week to discuss potential rate changes. With the Fed reducing borrowing costs, Nigeria’s central bank may feel compelled to consider a similar move, as it balances inflation management with the need … Read more
Eko Hot Blog reports that the Senate on Wednesday grilled nominees for the Central Bank of Nigeria’s Monetary Policy Committee (MPC) over the forex crisis and unending food crisis. EDITOR’S PICKS Full List Of AFCON Awards As Ekong Wins Player Of The Tournament REVEALED! How Model Of Aircraft Carrying Wigwe, Wife, Son Crashed Multiple Times … Read more
EKO HOT BLOG reports that The Monetary Policy Committee of the Central Bank of Nigeria will hold its first policy meeting for the year on February 26th and 27th. This is according to a tentative MPC meeting calendar posted on the website of the apex bank on Friday. EDITOR’S PICKS Uzodimma’s Inauguration: Tinubu Meets Obasanjo In … Read more
The IMF has urged Nigeria to use clear policy decisions to tame inflation. Eko Hot Blog reports that the International Monetary Fund (IMF) has implored Nigeria and other countries to make clear policy decisions for price stability amid rising inflationary pressures. EDITOR’S PICKS Buckingham Palace Announces Date For King Charles III’s Coronation WTO DG Okonjo-Iweala … Read more
The Monetary Policy Committee (MPC) has left the benchmark Monetary Policy Rate (MPR) and other monetary policy tools unchanged to spur economic growth in the fourth quarter of the year. According to reports, the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele who disclosed this decision on Tuesday during a press conference at … Read more