Tag: benchmark interest
According to an IMF representative of Nigeria, the country’s income is much lower than its peers in Sub-Saharan Africa and other oil exporters.
Nigeria’s Monetary Policy Committee (MPC) will today announce the 6th and final monetary decision of the year. CEO of CFG Advisory, Tilewa Adebajo and Group Head of Corporate Banking at Coronation Merchant Bank, Ademola Adekoya both join CNBC Africa to discuss some issues that could influence the MPC’s decision.
Nigeria’s Monetary Policy Committee says tightening the monetary policy should not be an option right now, as all members voted unanimously to hold the benchmark interest rate at 13.5 per cent. Egie Akpata, Director of Union Capital Markets joins CNBC Africa for more.