Business
CBN retains rates again
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has left the Monetary Policy Rate at 14% and other parameters unchanged.
MPR was thus left at 14%, Cash Reserve Ratio CRR at 22.5% and Liquidity Ratio at 30%. The asymmetric corridor for the MPR was also left at +200/-500 basis points.
The Monetary Policy Rate (MPR) is the rate at which the CBN lends to commercial banks. This, in turn, provides a benchmark at which the banks lend to the public. The Cash Reserve Ratio (CRR) is the proportion of a bank’s deposits it has to hold as deposits either in cash or with the CBN.
Liquidity ratio is the ratio of a bank’s liquid assets to its liabilities. In other words, a bank’s cash balance plus assets that it can easily convert to cash to the total liabilities owed by the bank, which is typically deposits.
-
Featured4 days agoBREAKING NEWS: Shouts of joy rock the world as Pastor Chris opens final Healing Streams edition for 2026
-
Football5 days agoMan United shortlist Emery, Nagelsmann as potential replacements for Carrick
-
Business5 days agoHoodlums raid JED Benue office, abduct 10 staff over power dispute
-
Football5 days agoAston Villa ready to freeze out Garnacho to avoid £43m Chelsea transfer
-
Business1 week agoNaira faces exchange rate gap as Dollar hits N1,380 on parallel market
-
Latest4 days agoAkpabio tasks Tompolo-backed movement with spreading Tinubu’s renewed hope message
-
Business5 days agoEV adoption: Roxettes seeks cheaper financing, local manufacturing incentives
-
Business4 days agoHow Ethiopian Airlines is challenging Africa’s aviation narrative through self-reliance