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CPPE makes fresh demand from CBN after interest pause

Summary by Daily Post Nigeria

The Centre for the Promotion of Private Enterprise, CPPE, has urged the Central Bank of Nigeria (CBN) to reduce interest rates going forward after the apex bank retained the Monetary Policy Rate (MPR) at 27.50 percent. This comes as CPPE backed the Monetary Policy Committee, MPC, of the CBN for pausing rate hikes on Thursday. According to NAN, Muda Yusuf, the Chief Executive Officer of CPPE, disclosed this in an interview on Friday. Yusuf said t…

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Daily Post Nigeria

CPPE makes fresh demand from CBN after interest pause

22 hours ago·Nigeria

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Voice of Nigeria

CBN Retains MPR At 27.50%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate, MPR at 27.50 per cent. All twelve members of the Committee at the end of its two-day meeting also unanimously agreed to also keep all other parameters unchanged. The MPC, at its 299th meeting retained the asymmetric corridor around the MPR at +500/-100 basis points, the Cash Reserve Ratio of Deposit Money Banks at 50.00 per cent and Me…

23 hours ago

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Dateline Nigeria

MPC retains 27.5% interest rate

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR), also known as benchmark interest rate at 27.50 per cent CBN Governor, Olayemi Cardoso, announced the decision during a press briefing on Thursday after the MPC’s 299th meeting in Abuja. According to him, all parameters were unanimously …

1 day ago

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worldstagenews.com

MPC holds interest rate at 27.50%, retains other parameters - Worldstage

WorldStage Newsonline– The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to hold the Monetary Policy Rate (MPR) constant at 27.50% and retain all other parameters – Cash Reserve Requirement (CRR) for Deposit Money Banks (DMBs) and Merchants Banks at 50.0% and 16.0%, respectively; the asymmetric corridor around the MPR at +500bps/-100bps and the liquidity ratio at 30.0% This decisions at the first meeting of the y…

2 days ago

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The Whistler Nigeria

Experts Split Over CBN’s Decision To Retain Benchmark Lending Rate At 27.5%

Economists have expressed mixed reactions on the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) decision to maintain all rates with the headline Monetary Policy Rate (MPR) held at 27.5 per cent, with some viewing it as a step toward monetary stability and economic growth. Others argue that the decision is risky due to potential external shocks and excessive public spending, emphasizing the need for continued monetary tightening …

2 days ago

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Business Hallmark

CBN MPC retains interest rate at 27.50 percent - Business Hallmark

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to retain interest rate at 27.50 percent. This is according to a communique signed by the CBN governor, Olayemi Cardoso at the end of the 299th MPC meeting held on the 19th and 20th of February 2025 to review recent economic […] The post CBN MPC retains interest rate at 27.50 percent first appeared on Business Hallmark.

2 days ago

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