… Eases credit in first rate cut in five years … Introduces 75% CRR on non-TSA to check excess liquidity ... As 14 banks meet recapitalisation requirements The Central Bank of Nigeria (CBN) on Tuesday reduced its Monetary Policy Rate (MPR) by 50 basis points to 27 percent from 27.50 percent, the first in five years. The move reflects a cautious bid to stimulate economic growth while sustaining foreign portfolio investment inflows. Olayemi Cardoso, gover
… Eases credit in first rate cut in five years … Introduces 75% CRR on non-TSA to check excess liquidity ... As 14 banks meet recapitalisation requirements The Central Bank of Nigeria (CBN) on Tuesday reduced its Monetary Policy Rate (MPR) by 50 basis points to 27 percent from 27.50 percent, the first in five years. The move reflects a cautious bid to stimulate economic growth while sustaining foreign portfolio investment inflows. Olayemi Cardoso, gover