Earlier, 9 out of 11 members of the Monetary Policy Committee (MPC) of the CBN, had voted to retain all key economic parameters. Consequently, Monetary policy rate (mpr) remained 13.5 per cent the asymmetric corridor at +200 and -500 basis point around the MPR, the CRR at 22.5 per cent and retain the liquidity ratio at 30 per cent.
· CBN Retains Monetary Policy Rate At 13.5% The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has retained the Monetary Policy Rate (MPR) at 13.5 per cent. The CBN Governor, Mr Godwin Emefiele made this known while addressing newsmen on outcome of the MPC meeting in Abuja on Tuesday.
China sent a new marine satellite into orbit on Friday to help improve understanding of maritime waters and climate change. A Long March-2C rocket carrying the HY-1C satellite took off at 11:15 a.m..
Retains MPR at 13.5 % The Central Bank of Nigeria, CBN, says there is need to resuscitate moribund industries in Nigeria and improve key infrastructure in order to strengthen the productive base of the economy, create job opportunities as well as boost exports.
The Osun State Election Petition Tribunal sitting in Abuja on Friday, nullified the election of the Governor of Osun State, Gboyega Oyetola, and ordered the Independent National Electoral Commission.
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CBN Retains MPR at 14% Over Stalled MPC Meeting. By Lolade Odeyemi – January 23, 2018. The Central Bank of Nigeria, CBN, has retained key monetary policy variables decided at the last MPC meeting held in November 2017. This is coming as a result of its inability to convey its first monetary policy committee (mpc) meeting for 2018.
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· The monetary policy committee of the Central Bank of Nigeria (CBN) has reduced the monetary policy rate by 50 basis points. This means that the MPR, which is put at 14%, was eased to 13.5%. Announcing the decision of the committee earlier today at the apex bank’s headquarters, Godwin Emefiele, the CBN governor, said there [.]
KMRC brings home ownership to masses Excluding home equity, median household wealth in 2009 was $29,169 for whites, $20,300 for Asians, $2,806 for Hispanics, and $1,050 for blacks. 30 Therefore, as noted above, the decline in net worth of U.S. households during the recession hit minorities the hardest because they depended more on home equity as a source of wealth.
· Central Bank of Nigeria (CBN) yesterday retained the Monetary Policy Rate (MPR) at 12 per cent while the Cash Reserve Requirement (CRR) on public sector deposits and CRR on private sector deposits are kept at 75 per cent and 15 per cent respectively. Also, the rising demand for dollar was attributed to the repatriation of [.]