Banking Latest News

CBN Retains Monetary Rates, Mulls Commercial Paper Investment

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) rose from its two-day meeting in Abuja yesterday, retaining all the monetary policy rates for the 12th consecutive time. Specifically, the committee decided that the Monetary Policy Rate (MPR) should still remain at 14 per cent, cash reserves ratio should be sustained at 22.5 […]