LATEST NEWS

The Monetary Policy Committee (MPC) met on the 20th and 21st of May 2019, amidst uncertainties in the global financial, economic and political environments. All Eleven (11) members of the Committee were present.

The Manufacturing PMI in the month of May stood at 57.8 index points, indicating expansion in the manufacturing sector for the twenty-sixth consecutive month

Selected food price watch data for April 2019 reflected that the average price of 1 dozen of Agric eggs medium size decreased year-on-year by -15.38% and increased month-on month by 1.60% to N467.18 in April 2019 from N459.81 in March 2019 while the average price of piece of Agric eggs medium size (price of one) decreased year-on-year by -0.71% and increased month-on-month by 0.06% to N41.95 in April 2019 from N41.92 in March 2019.