CBN leaves monetary policy rate unchanged at 11 5 per cent thenigerianvoice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenigerianvoice.com Daily Mail and Mail on Sunday newspapers.
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Published 25 May 2021
The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 11.5 per cent.
The CBN Governor, Godwin Emefiele, disclosed this after the committee’s two-day meeting in Abuja on Tuesday.
It also retained the Cash Reserve Ratio and Liquidity Ratio at 27.5 per cent and 30 per cent respectively.
Announcing the committee’s decision, Emefiele said, “The MPC made the decision to hold all parameters constant. The committee thought by unanimous vote to retain the Monetary Policy Rate at 11.5 per cent.
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“In summary, MPC voted as follows, one, retain MPR at 11.5 per cent; retain the asymmetric corridor of +100/-700 basis points around the MPR; retain the CRR at 27.5 per cent; and retain the Liquidity Ratio at 30 per cent.”
Grand Cereals announces the retirement of Chief Bode Emmanuel as Board Chairman thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
What they are saying
Commenting on Chief Emmanuel’s retirement, Daniel Agbor, Chairman of the Board of Directors of UAC of Nigeria PLC, said,
“Since joining Grand Cereals, Chief Emmanuel has been at the forefront of innovative developments that have taken the company to the leadership position in the industry. For instance, he is credited with playing a leading role in the expansion of the company’s production footprint to Onitsha, Anambra State via a state-of-the-art plant.
This has considerably improved our production capacity leading to a sizable increase of market share. He was also instrumental to the diversification of the company’s product range to improve returns on a risk-adjusted basis leading to the production of fish, ruminant and pig feed in the livestock category and dog food in the pet category.”
Banks maintained stable financial soundness, says MPC member punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.