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<p>Analysts believe the Monetary Policy Committee of the Central Bank of Nigeria is concise in policy direction after retaining key policy parameters, signalling a continued focus on price stability and economic sustainability. Speaking on CNBC Africa&#8217;s Nigeria MPC, the analysts expect a gradual rate cut from the next meeting in May.</p>


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Analysts: Nigeria rate hold reflects orthodox approach to growth

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<p>The Central Bank of Nigeria&#8217;s Monetary Policy Committee has left the Monetary Policy Rate unchanged at 27.5 per cent alongside other key parameters. The Central Bank Governor, Olayemi Cardoso expressed satisfaction around the positive impact of recent reforms on the  macroeconomic environment and expressed optimism around expected increases in the flow of foreign direct and porfolio investments owing to stronger investors&#8217; confidence.</p>


Nigeria MPC leaves MPR at 27.5%, other key parameters unchanged

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<p>The Central Bank of Nigeria is likely to leave monetary policy rate at 27.5 per cent and at most cut rates by 25 basis points following the release of the rebased consumer price index data. That’s the view of Bismarck Rewane, CEO of Financial Derivatives, Kubi Momoh, Chairman of CitiTrust Asset Management and Gregory Kronsten, Consultant on African Economics during CNBC Africa’s Special MPC Broadcast. They note the country is headed into an environment of improving macroeconomic stability on the back of recent reforms.</p>


Analysts: Nigeria MPC to remain cautious following CPI rebasing

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<p>The Central Bank of Nigeria’s 25 basis points Monetary Policy Rate hike is a signal the Monetary Policy Committee might be close to an end of its tightening season. That’s according to Kubi Momoh, Chairman of Cititrust Asset Management Limited, Bismarck Rewane, CEO of Financial Derivatives Company and Nnamdi Nwizu, Co-managing partner at Comercio Partners who say they remain cautiously optimistic about the economic recovery expected next year.</p>


Analysts: 25bps MPR hike signals likely end to MPC’s tightening cycle

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<p>The Central Bank of Nigeria Monetary Policy Committee has raised the Monetary Policy Rate by 25 basis points to 27.5 per cent continuing its restrictive stance for the sixth consecutive time this year while leaving other key parameters unchanged. The Governor of the Central Bank of Nigeria, Olayemi Cardoso says the apex bank is focused on currency and price stability while highlighting on-going reforms will yield greater results in the first quarter of next year.</p>


Nigeria MPC raises MPR by 25bps to 27.5% (Full Speech)

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<p>Analysts say the 50 basis point monetary policy rate hike by the Central Bank of Nigeria at the September meeting is a bold and audacious move which will help stabilize the naira. During CNBC Africa’s special MPC broadcast, they also note cost of borrowing and defaults will be higher while highlighting a lot more is required to achieve price stability.</p>


Rewane: 50bps MPR hike bold, audacious

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<p>The Monetary Policy Committee of the Central Bank of Nigeria has raised the monetary policy rate by 50 basis points to 27.25 per cent. After a 2-day monetary policy meeting, the CBN further retained the asymmetric corridor around the MPR at +500bps/-100bps, raised the CRR for deposit money banks by 500 basis points to 50 per cent, raised the CRR for merchant banks by 200 basis points to 16 per cent and retained the liquidity ratio at 30 per cent.</p>


Nigeria’s MPC hikes interest rate by 50bps to 27.25%

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<p>Analysts believe Nigeria is yet to develop a clear strategy to address key economic challenges, stressing that delivering economic outcomes without institutional reforms is not enough to address inflationary pressure among other challenges. Bismarck Rewane the CEO of Financial Derivatives and Esili Eigbe, a Director at Escap Management, joined CNBC Africa’s Wole Famurewa to analyse the decisions of the Monetary Policy Committee.</p>


Rate increase not significant enough to drive foreign capital

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<p>With inflation at 34.19 per cent and the naira dropping over 5 per cent since May, Nigeria&#8217;s monetary policy committee faces a crucial decision: maintain its hawkish stance or hold steady to allow this year&#8217;s 750 basis point hike to take effect. Bismarck Rewane, the CEO of Financial Derivatives and Esili Eigbe, a Director at Escap Management, unpack expectations of Nigeria’s fourth MPC meeting.</p>


Nigeria decides: Analysts weigh options for MPC

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<p>Nigeria&#8217;s Central Bank hike its Monetary Policy Rate by 150 basis points, bringing it to 26.25 per cent. The decision was made during the Monetary Policy Committee meeting where the CBN Governor Olayemi Cardoso stated that the committee was confronted with the choice of either raising or maintaining rates as it monitored the effects of previous hikes. Additionally, the bank opted to keep the Asymmetric Corridor unchanged at +100/-300 basis points around the MPR. Furthermore, it maintained the cash reserve ratio at 45 per cent and the liquidity ratio at 30 per cent.</p>


Nigeria MPC hikes MPR by 150bps to 26.25% (full-speech)

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<p>Analysts expect the Central Bank of Nigeria’s Monetary policy Committee to raise the MPR between a range of 100 to 200 basis points as the apex bank looks to rein in inflation. Meanwhile, they highlight the lag between policy implementation and its impact on the economy on the back of recent reforms. Emmanuel Odiaka, CEO of ECOB Capital, Bismarck Rewane, CEO of Financial Derivatives Company and Kayode Akindele, MD/CEO of Coronation Capital share insights into Nigeria’s policy environment.</p>


Analysts forecast 100-200bps MPR hike

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<p>With the 400-basis point hike in monetary policy rate to 22.75 per cent by the Monetary Policy Committee of the Central Bank of Nigeria, analysts believe there will be a moderation in inflationary pressures. Speaking on CNBC Africa’s post-MPC panel, Bismarck Rewane, the CEO of Financial Derivative and Nnamdi Nwizu, the Co-Managing Partner at Comercio Partners, say there’ll be a decline with inflationary pressure.</p>


Analysts: Aggressive rate hike to moderate inflation

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<p>The Central Bank of Nigeria’s Monetary Policy Committee has raised the Monetary Policy rate by 400 basis points to 22.75 per cent. The Governor of apex bank, Yemi Cardoso announced this after the first MPC meeting for this year.</p>


Nigeria MPC hikes MPR by 400bps to 22.75% (full speech)

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<p>Analysts say they expect the Monetary Policy Committee of the Central Bank of Nigeria to increase monetary policy rate, stressing that the level of hike is dependent on how soon the committee hopes to address issues like rising inflation and interest rates.</p>


How much rate hike will Nigeria’s MPC adopt?

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<p>Governor of the Central Bank of Nigeria, Godwin Emefiele has announced the discontinuation of sales of foreign exchange to Bureau De Change operators, stating that BDC operators have turned into agents that facilitate graft and illicit funds flow. He also noted that the unintended outcome from lean forex reserves has placed an enormous challenge on Apex bank’s FX management.</p>


economic dynamics

Analysts: Nigeria rate hold reflects orthodox approach to growth

Nigeria MPC leaves MPR at 27.5%, other key parameters unchanged

Analysts: Nigeria MPC to remain cautious following CPI rebasing

Analysts: 25bps MPR hike signals likely end to MPC’s tightening cycle

Nigeria MPC raises MPR by 25bps to 27.5% (Full Speech)

Rewane: 50bps MPR hike bold, audacious

Nigeria’s MPC hikes interest rate by 50bps to 27.25%

Rate increase not significant enough to drive foreign capital

Nigeria decides: Analysts weigh options for MPC

Nigeria MPC hikes MPR by 150bps to 26.25% (full-speech)

Analysts forecast 100-200bps MPR hike

Analysts: Aggressive rate hike to moderate inflation

Nigeria MPC hikes MPR by 400bps to 22.75% (full speech)

How much rate hike will Nigeria’s MPC adopt?

CBN discontinues sale of forex to Bureau De Change operators

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economic dynamics

Analysts: Nigeria rate hold reflects orthodox approach to growth

Nigeria MPC leaves MPR at 27.5%, other key parameters unchanged

Analysts: Nigeria MPC to remain cautious following CPI rebasing

Analysts: 25bps MPR hike signals likely end to MPC’s tightening cycle

Nigeria MPC raises MPR by 25bps to 27.5% (Full Speech)

Rewane: 50bps MPR hike bold, audacious

Nigeria’s MPC hikes interest rate by 50bps to 27.25%

Rate increase not significant enough to drive foreign capital

Nigeria decides: Analysts weigh options for MPC

Nigeria MPC hikes MPR by 150bps to 26.25% (full-speech)

Analysts forecast 100-200bps MPR hike

Analysts: Aggressive rate hike to moderate inflation

Nigeria MPC hikes MPR by 400bps to 22.75% (full speech)

How much rate hike will Nigeria’s MPC adopt?

CBN discontinues sale of forex to Bureau De Change operators

News Tips

Advertise With Us

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