Analysts: More interest rate hikes ahead

Analysts: More interest rate hikes ahead

The Central Bank of Nigeria's (CBN) Monetary Policy Committee (MPC) will likely further raise the benchmark interest rate Monetary Policy Rate (MPR) by 50bps to 14.5 per cent at its next meeting in September, analysts at Financial Derivatives Company ...
23 hours ago
from: New Telegraph Newspaper

Continue reading...
Central bank, Central Bank of Nigeria, Foreign Exchange Market, Foreign exchange reserves, Nigeria, Week
More about this
- Will CBN's RT200 intervention boost Nigeria's non-oil foreign exchange earnings?
R200 was designed to help reduce exposure to volatile sources of Forex and to earn more stable and sustainable inflows. The CBN Governor, Mr Godwin Emefiele, while introducing RT200 said the programme was would help improve non-oil export receipts.
from: National Accord
- External reserves sustains downward trend, sheds $337m in 2wks
By Babajide Komolafe, Economy Editor. •Analysts say further Naira depreciation likely. Nigeria's external reserves fell by $337 million in the first two weeks of August, maintaining its declining trend since the middle of last month.
from: Vanguard
- External Reserves Sheds $337m In Two Weeks
However, analysts at Financial Derivatives Company Limited (FDC) attributed the declining fortunes of the reserves since July 18 to increased dollar sales by the Central Bank of Nigeria, CBN, in its bid to stabilise the exchange rate.
from: Economic Confidential
- FG borrows N19.3trn from CBN in 7 years
The Federal Government's borrowing from the Central Bank of Nigeria has in recent years exceeded the limits stipulated by the CBN Act, with attendant implications on the economy. CHIMA NWOKOJI in this piece examines the magnitude and impact on monetary ...
from: NIGERIAN TRIBUNE
- External reserves continue to fall, losing $337 million in two weeks
Nigeria's external reserves decreased by $337 million in the first two weeks of August, continuing a downward trend in the middle of last month. External.
from: Kemi Filani
- NDIC: Preventing Bank Failure With Corporate Governance Tools
LAGOS – The task of ensuring that banks in Nigeria are safe and adhere to components of the corporate governance code has been described as a collective duty of regulators, security agencies as well as stakeholders in the banking sector.
from: Independent Newspaper Nigeria
- CBN's Forex Sale Reason For Declining Foreign Reserves
The continued decline in Nigeria's foreign reserves, FR is due to an increase in dollar sales by the Central Bank of Nigeria, CBN. Nigeria's forex reserves stood at less than $40 billion in June this year. External reserves are assets held on reserve ...
from: The Source