Tag
INTEREST RATE HIKE
The Centre for the Promotion of Private Enterprise (CPPE) has called upon the Monetary Policy Committee (MPC) of...
The naira posted impressive gains against the haven currency amid increased inflows from the CBN, recording its best gains since March.
The exchange rate for duties collection by the Nigeria Customs Service (NCS) has risen by N3 above the official closing rate of the Naira on the NAFEM window.
The Director-General of the Manufacturers Association of Nigeria (MAN), Mr. Segun Ajayi Kadir, has stated that the recent 150 basis points increase in monetary policy rate (MPR) by the Central Bank of Nigeria (CBN) will further compound the already high cost of doing business in the country.
Nigeria’s central bank monetary policy committee will announce to the world on Tuesday, May 21, 2024, whether they will continue with their hawkish monetary policy of raising rates or shock everyone by leaving it untouched.
Market operators lament that the latest decision by the CBN to further increase the interest rate by 17.5% is bad for the stock market.
The Managing Director, of Cowry Asset Management Limited, Mr. Johnson Chukwu explained why CBN policies will create more bad loans for Nigerian Banks.
According to Nairametrics’ chat with some investment analysts, dividend-paying and low-price stocks with strong fundamentals are expected to do well given their half-year performance which has been decent.
In its last monetary policy committee meeting, the central bank explained the growth in money supply was due to an increase in net domestic assets.
Bitcoin, the leading cryptocurrency fluctuated massively in the hours following the United States interest rate hike.
Nigeria’s headline inflation has continued to worsen despite the CBN's attempt to hike interest rates.
MPC’s decision was intended to slow galloping inflation and save the persistent Naira depreciation.